Dear Fellow Trader,

Another good start for stocks today with numerous stocks up big until the Fed’s Beige book came out and that’s when the selling started. Once again stocks gave back most of their early gains in the day which we have seen more than once recently. Constant selling into strength at some point is going to lead to a much lower market.

Using the SPY today to represent the SP500, i want you to see the higher volume yesterday on declining price, which is not positive…for the time being and just under the 200MA….

PGYC seemed to have been cleaned up, i was out last friday in this massive selling, but nibbled a bit in it yesterday, but my position is nothing like the weeks before.

We will see how it goes and maybe add up if it react well.

ACUS is one that broke down instead of breaking out over the blue line. I would wait for this stock to enter the $0,15 – $0,20 and build a position there…

SPNG is an intersting stock that i commented weeks ago and forgot to watch, so i am kind of mad at myself but it happens…great volume and great move.
At this point i would like to see 2 things either a pullback around $0,03 or a very strong move over the 0,06 level, but i think i prefer the former to the latter….

VODG is one to follow also as the volume just came in and there is no more resistance after this. Just as the volume comes in, which is good it’s virgin territory…Not as liquid…

DYMTF is one that has a nice chart but it has to continue it’s move of yesterday.. Ideally if it come back to $0,28 today, it would be a nice entry even if missed the right entry yesterday…

PCX gave us a good move yesterday…

GNW is this market, might have problem breaking out…

Spinning top on fertilizer stocks might signal the end of this short term move here on AGU, same for MOS but not as strong selling yet.

Have a great Trading day !