FREDAlert!
Volume 2, Issue 1
January 28, 2010
Downlaod PDF Version here
The IWM has traded very close to the window we have been looking for in this short-term correction (60-58). We maintain our view that this is a short-term event, and this oversold condition should result in some upside from this general area.
We will therefore add HPQ, CVX, and BBT to our list at today’s closing price. Stops, etc. will be on the site later but as a general rule I would use a 10% stop loss from the entry price at a minimum.
