In this week’s video, Mike Cintolo discusses the ongoing downtrend, and says that if you’re already defensive, there’s not much to really do. That’s not to say he’s expecting huge further declines—he talks about the fact that Monday could be a workable low given many extremes seen, but he has to see the market rally for a few days before concluding a low is in. In the meantime, he’s keeping an eye on many strong cyclical stocks, but is mostly interested in building a watch list of future leaders that should show themselves if the market begins to repair the damage.
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