The PMS today is -7 .. I do have a downward bias for today, at least for the time being, but again the market can change my mind really quickly :)

I will also be watching HNZ today for a possible bounce/Fade play but didn’t want to put it on the list as I’m not sure when/where/if the bounce will occur. Just out of curiosity, I’m going to start a Top 5 Picks of the Day List to see if over time they outperform the group as a whole. If there’s anything to it, I’ll start posting those as well, but for the time being, I’m going to keep that non-public as I have no evidence that they would mean anything since everytime I’ve tried a similar ranking system in the past there has been no significant difference. Time will tell if this time is different.

Also for those of you who are new readers, you might recognize the old notation for SNDA, SPLS, & HSP: “DT-L” …If you’re unfamiliar with how to trade these picks then I’d simply ignore them for now. I decided to use the old notation for these picks because it is quite useful when I have an indication that a signficant correction may occur, but can’t narrow down the range enough to where I would be able to make a reliable call via the new notation. See the old“My Stock Picks Explained” page for details about the old notation as it would appear I have yet to update it with the new notation…one more thing to do…

Hope you all have a great trading day~!