The following is a small list of technically strong stocks......this market has inflicted serious technical damage to most stocks...so very few can be called technically strong....Please do FA on these stocks as technicians cannot predict future market driven events...which may affect stock prices.
NYSE
SDS,WCN,EWM.
Nasdaq
LNCE,RESP,MANH,SUPX,VOCS,ZOLL,SEAB,FRNT,TIVO,
HSOA,TUES,
TSX (Toronto Stock Exchange)
TNX,SJ.
The BEARISH list is too long & Depressing...so I will spare everyone with this anguish of spotting their stock in that list.......
We all should try to FOCUS on strong stocks with good FA and who are still in an UPTREND technically speaking.....anything which is above 50 & 200 DMA qualifies as "strong stock in this market".....
Good luck on your due diligence & MAINTAINING your own comfort level.
Markets will try to CLAW back from this technical hemorrhage.....and hopefully your stocks will participate......
In the meantime spend your time in quality research.......
Do not forget to take profit as it comes.....
Sometimes....managing your RISK is more important than staying OVEREXPOSED ......
Good luck next week......We are overdue for a strong technical rebound from extreme OVERSOLD conditions........
Next post monday around 11 AM......
BLOG does not give buy or sell.
Saleem
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