This Week with StockPunk 6-22-08
After a bruising end to the week I'm not so keen at jumping back in full throttle. The Zweig screen has 7 candidates this week which is half of its average. That may mean there is opportunity or it may mean that the market sucks.
Charles Kirk is hinting that conditions are ripe for a moderate rally this week. We'll see, but caution is probably the best way of traversing this market right now.
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ESL booted from Zweig due to slowing sales and eps growth. And then there were 7.
A few former names that are close to qualifying are: JADE, ARG, KEX, AME. Most are out due to sales growth falling below previous sales growth. This is a tough environment!
I set out to trade DAR, WDC, MEA but have bought nothing. The financials could take this market much lower and I've been reading about these Hindenberg Omens, so better to keep the powder dry.
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