Ugly Picks
Dear Diary,
“Muddy water, let stand - becomes clear”
- Lao Tzu
That is my feeling on the market right now. The water is a little muddy and hard to look through. I will let it settle a few days so that I can see it more clearly. Basically, I am not yet convinced of the bullish side. It could be true, but I need to see some confirmation - mainly some volume - to be convinced. Especially nice would be to see the volume with a break through some of the resistance (e.g. the 200dma’s). The market took a hard hit recently and it is better to be cautious, especially with all of this earnings nonsense going on.
HLEX broke out from a base and looks pretty good.
I have no idea how high WBMD will go, but if it trades over $30, I think it will go higher.
You are right, ARXT does look pretty good.
I’d watch EPE, too.
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