I have no clue what kind of effect, if any, the Moody’s news or any other tidbit out of Europe will have on stocks. What I do know is that I continue to find quality chart setups during my nightly scans. In addition,my current holdings are working pretty well inside 12631. Until that changes, I am operating under the assumption that stock picker’s can thrive in this type of market. I suspect macro traders will grow increasingly frustrated with correlations and analogs becoming untangled.
At any rate, here are five ideas for tomorrow.
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