No New Long Positions For Wednesday’s Stock Market Session

Well we have another low volume selloff which could be a bullish setup if we come back from the low volume holiday weeks with a higher volume rally. However, sadly, some things are appearing during this low volume rally that has me wondering if a rally is going to happen after all. First off, DCM and TSYS continue to not be able to move higher right away after we went long. This is not how a new long should be acting. New longs should act like CSKI. The fact we are still taking the few nice patterns and that they do not work indicates we might not be done with the work on the downside. However, if we do come out of this and take off in January some of these stocks might be interesting and you might want to keep an eye on these stocks listed: VASC, UVSP, BTFG, ROCM, SXCI, OCN, LORL, ACET, HTS, AAI, STV, FRD, PLAB, ABAT, ANV, IAG, AWK, AGNC, FORR, STSI, QSII, ACM, and especially MAXY. MAXY is our first max green BOP filled, heavily accumulated, nice price action stock that we have seen since June. Hopefully, that one can be on our buy list after the holidays are over. Merry Christmas everyone!!!

new long positions: none

none

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