It’s been just over a month since the market’s crash, and thus far, the major trends remain down; all of our indicators are still negative. With that said, we have noticed more than a few growth stocks begin to resist the market’s downtrend; even during the wild action of the past few days, many are holding firm. It’s an encouraging sign, and if we get new buy signals, we’ll put some money to work in a couple of names. But there’s no rush, as it’s not about getting in first, but getting in at the right time. For now, stay defensive, but keep your eyes open. In tonight’s Letter, we expand upon the value of patience on page 5. And we focus heavily on stocks in this issue, highlighting a few on page 4, one on page 5 and presenting our expanded watch list on page 3. There are plenty of ideas for new buying ... but first we need to see our indicators give the green light. Open up tonight’s issues for details.
