Monday, January 25, 2010

I Hate Mondays

They usually carry over whatever the market's behavior was on Friday-usually. There have been M&A announcements which are almost lways typical for a Mondy and there have been some recently-that gives the mrket a boost.

Are we oversold? Not even close-especially not when considering how ovverbought the market has been. However there's support right at the Oct. highs and they're not far away. So a bounce may be coming soon.

Until then I don't want to give out to many positions as the market movement is going to cut about half the probability, but for sure check out



SSN, CXM, PSUN, MBRK, FOLD, and CTIC all long.

**Here's a few more-some are familiar from older lists but still good-all long




NCS
GBNK
MOVE
TIBB
PEBO
CRTX
IDRA
TXCC
CMM
WSBF
TSFG
MNTG


No shorts today, we'll wait for the bounce first.