I'll be honest here. I didn't really pay much attention to the market today because today's my birthday and I don't really like to do much work of any kind on my birthday. There's also no new pick for today.
There just wasn't really much going on today. The newsflow seemed to be fairly tame, and for the most part, I was seeing minor pullbacks in a lot of stocks. Nothing drastic, mind you. Also, I saw a few stocks breakout to new highs, yet close well below their highs of the day, which is a sign of weakness (or at the least, a lack of strength).
Obviously, no trades today since I wasn't really watching very closely. Nothing really of interest happened to the watchlist today.
CEU was the strongest stock on the list today, but it was one of those that I mentioned above that had a gap-up to start the day, yet meandered for the day. UTA was up a couple percent today, but still appears to be consolidating. CRE showed some life today, but as I've said before, this is one boring stock. ROST and RGR both were up a bit.
ARO, CBI, EME, and FUQI were all basically flat today.
SPAR was the laggard today, pulling back about 2%. I like it, but I also think it still has further to fall.
Position: none
Disclaimer: This is not a recommendation and is presented for informational purposes only.
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