I went through all of my long scans and I will tell you honestly that it is a baron waste land right now. Now, you have to remember, all it would take is three really strong market up days to produce a few probably coming out of bases. But even if that happens the bases that I see out there are nasty. Oddly, a lot of my longs are still holding support but I wonder how much longer most of them are going to stay over the 200 day moving average. At least one of our hot charts held up well in this market despite the nasty selling. HOKU. But the BOP did not stay max green so I doubt even this hot chart will hold up. Right now, like I have been saying for a long time, it is not the time to focus on longs. We are in the stage of the long-term market cycle where going short or staying in cash are the only two ways to play right now. That is, until we get another HOKU chart with AAPL fundamentals.
new long positions: none
