Aug 12, 2010

Some divergences in the market today. Low volume and most stocks did nothing after the opening gap down. But some stocks – mostly ADR’s, health, consumer – found some buyers. So far however this is definitely more of a decline in buying than an increase in selling.

Short-term: 1 green, 1 yellow, 2 red – tend red
Intermediate-term: 2 yellow, 2 red – tend red
Stock targets: 65% swimming, 23% neutral, 12% sinking

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