Today, in your SMC 15MinuteStocks Market Update we write, “…

 

• U.S. markets gaped down again today and stayed down.  Sellers emerged in force; volume was high. (See below for more information) 

• SMC “buy stops” on Transocean Ltd. (Ticker: RIG) and Arena Pharmaceuticals (ARNA) established over the last few days have not been triggered, and therefore the SMC is completely in cash and very satisfied with that. (See below).  Like many, we were tempted by the high-flagging consolidation patterns on these stocks and others like Pfizer Inc. (PFE), but our buy-stop strategy kept us clear of today’s calamity.

  We made a change to our SMC Trend Table (Below). …”
  

 

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For access to your SMC 15MinuteStocks Market Update and Watchlist, click here for the SMC Home Page. …. Log-in quickly and easily in the upper right hand corner.

Your – Stock Market Companion

Please remember – at the Stock Market Companion we do not and cannot give individual investment advice. According to the State of Washington RCW 21.20.005 the Stock Market Companion is not a Registered Financial Advisor and we do not render any advice on the basis of the specific investment situation of a particular individual. This information is for a wide readership and is not intended for any particular individual,  and under no circumstances should this SMC Blog or our Market Update or Watchlist be considered an investment recommendation or plan for any specific individual.  By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties.  Please seek the council of a broker or other licensed investment professional for accurate pricing and concerning the suitability of all investments that you may be considering. Disclosure : You understand that the Stock Market Companion holds positions in the above mentioned securities.  Based on market related or personal events these positions may change without notice.

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