FREDAlert!
Volume 2, Issue 6
May 6, 2010
Obviously, we are seeing more volatility and decline than I expected, although the market has been at least declining into the timeframe we have been looking for to establish a tradable low.
As far as I can tell, this volatility is occurring due to rumors surrounding the Greek situation. Obviously, these are rumors, with no way to substantiate them, and I have to react to technical conditions only.
We have been stopped out of the following stocks on our list: CVX, WYN, HAL, CHK, HPQ. While this can be painful we believe first, and foremost in risk management.
We will add Ford (F) to our list today. Use a 10% stop loss from where filled, and please check the site for updates tomorrow before the open. From a technical perspective this decline is overdone.
Disclaimer: