Dead Cat Bounce?

After a murderous week the market has been choppy-to-higher all day. Many of the stocks in the portfolio are acting better and that is most important. But, on the exchanges the leadership is vague as more stocks are declining than advancing. There are also more than 10x as many new lows to highs so far today. Before anything meaningful can happen these dynamics have to shift back towards to bullish/advancing camp.

Rather than chase our tails here, we are watching what unfolds. And working steadfastly at determining which of our stocks are fine and worth holding and which are not and will get the boot. And of course, doing the work to find the new names that will bring us continued outperformance. That's the sanest thing to do after a week like last.

Stay tuned...