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The only three "buys" in the entire market
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Tuesday, June 16, 2009
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By Jeff Clark in Growth Stock Wire:

My Saturdays always start off the same way... I wake up a couple hours before the rest of my family, fire up the computer, and spend a good chunk of the morning scrolling through stock charts.

It takes about 2½ hours to run through the 400 preset charts in the program. In the end, I have two decent-sized lists: "potential stocks to buy" and "potential stocks to sell." From those lists, I carve out a handful of trades for the next week.

On an average week, the lists are even. I find about as many "buys" as "sells." However, every once in a while, usually after the market has trended too far in one direction for too long, one list will have maybe four or five times the number of names as the other.

But it's never been as lopsided as it was on Saturday.

The buy list only contained three names…

Read full article...

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Topics: Jeff Clark | Stocks
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