Sometimes, the market’s outlook is clear – either the buyers are clearly in control, and the leading stocks are surging on huge volume … or the sellers are driving things lower, as everyone’s favorite stocks get taken out and shot. Today, however, we’re somewhere in the middle. Many leaders are hanging in there, with some showing great volume trends, but a few are breaking down, and the broad stock market is in horrible shape. Thus, while it’s not a full-fledged bear market, the odds aren’t heavily in favor of the bulls, either. Your best strategy is to hold some cash on the sideline, and restrict your new buying to only the best stocks at logical, sound entry points. Our favorite of this week is
Massey Energy (MEE), a big, liquid stock from the suddenly powerful coal (yes, coal!) sector. We advise buying on weakness.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| OXPS (OXPS) | 0.00 | 29-32 | - |
| WFR (WFR) | 0.00 | 73-83 | - |
| ARD (ARD) | 0.00 | 36-38 | - |
| BEAV (BEAV) | 0.00 | 48-50 | - |
| CYBS (CYBS) | 0.00 | 15-16 | - |
| JASO (JASO) | 0.00 | 58-66 | - |
| MEE (MEE) | 0.00 | 33-36 | - |
| MELI (MELI) | 0.00 | 50-60 | - |
| NDAQ (NDAQ) | 0.00 | 43-48 | - |
| OSIP (OSIP) | 0.00 | 42-47 | - |
