Market Comments Submitted by The Ambitious Trader
Submitted by The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor
Slightly Oversold
This is the point where the market becomes slightly oversold. Unless some catastrophic news hits the market, we should bounce from here. Anymore downside from this point on and the primary trend will be in danger of changing to bearish.
New Buy Candidates: CNXT, HDSN, ISRG, LBY, TLX
New Buys: SPU (in at 6.78)
Hold: ISR (decided to give it some more time…small position, so no big deal)
Update: Looks like the market has more room to the upside. My initial thoughts on shorting the market were correct. I may sit on the sidelines until we actually show some support on the charts.
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