There has been no overnight follow through to the market implosion just before the close but I want to be cautious.

I waited as late as I could to see if the overnight futures were going to improve. They are currently down -2.50 at 4:30 Thursday morning. I am going to raise the stops on our current positions just in case we get another drop on Thursday.

Raise the stop on FWLT to $31.95

Raise the stop on FLR to $49.85

Any continued dip will take us out for a small loss.

Jim Brown