While many momentum stocks continue to perform well (CYOU SNDA KIRK) I’m not seeing many new candidates showing up on my scans. Add in that many of the current leaders are looking very tired has me skeptical we can move much higher without a meaningful pullback. I know I sound like a broken record here but I remain staunch in my view that opening new positions here will get you in trouble.

Additions: ALGT HOTT

Deletions:  TSYS

Beta Watchlist


Courtesy of msummerchick


4 Responses to “.Beta changes (Mon)”

  1. jeff watson Says:

    The market has been shaking the loose change from the pockets of my friends who have tried to short it the past couple of days.

    These are really tough markets and I haven't seen anything like this since 1974


  2. BMB Says:

    As Dave Landry has been saying:
    "…it's a darned if you do and darned if you don't environment. If you buy overbought, then we have the mother of all corrections. If you don't, then overbought becomes even more overbought."

Leave a Reply

You must be logged in to post a comment.