The overabundance of negative news this morning pushed all but a very few stocks to new lows for the month.

There was nothing redeeming about the day other than the tease at the close when the Dow and S&P closed right on support to give the bulls at least a little hope for Friday. I think the event risk for the weekend is too great for a major rebound to appear and today was a serious dose of bearish sentiment. It may be too strong for the market to overcome until after Tuesday's FOMC meeting.

The drop pushed our only two positions through their stops and left us flat. RIG was stopped at $3.05 and WYNN at $2.96. Both were a sizeable loss.

I get my portfolio updates from Interquote-DTN.IQ and they changed their software. I upgraded a new version today and now nothing works. I can't go backwards because the new software removed the old version. My task this weekend will be to convert my real time portfolio screens to a different product and a new vendor.

I am not adding any more positions because of the volatility and lack of market direction.

Jim Brown



Current Portfolio


No Open Positions

I get my portfolio updates from Interquote-DTN.IQ and they changed their software. I upgraded a new version today and now nothing works. I can't go backwards because the new software removed the old version. My task this weekend will be to convert my real time portfolio screens to a different product and a new vendor.


New Recommendations


None


New Long Term Recommendations


None - waiting for a directional trend


New Aggressive Recommendations


None - waiting for a directional trend