Editor's Note:

The market is manic depressive. It can't decide which way to go and what is actually good vs. bad news. When it closes at its low it springboards up and then closes at its high. The next day it reverses again. So whether today's little capitulation move into the close will result in an immediate reversal back down on Friday (following the jobs numbers) can't be known yet but there's a reasonable setup for it. But no matter, we have our plays and we'll stay disciplined and honor stops if they're hit before our target prices.

I am not adding new candidates to the newsletter at this time. However, yesterday it was suggested to look at AIPC as a bearish play and ADSK as a bullish play. AIPC continued to look weak today as it struggles below its exponential 200-dma near $27.00. This could be a new bearish entry point. ADSK did rally today with the techs but could be short-term overbought. We will watch it closely to see if a pullback affords us a bullish entry.