The stock market did not provide us many clues today. Monday's session looks like a slightly exaggerated version of Friday. Market participants are growing concerned over the debt ceiling issue and lawmakers' inability to get a deal done. These worries prompted the gap down and spike lower this morning. The same worries probably fueled the afternoon weakness. Odds seem to be rising that we might see the S&P 500 retest the 1320 level. I'd rather look for new positions there.
In the meantime, these stocks are on my radar screen: KSU, FAST, WEN, BRCM, D, KLAC,
No new trades tonight.