Yesterday, I wrote in the blog, "But today will be a good time to be vigilant as we already pre-surge yesterday before the opening bell and the closing figure from Uncle Sam hit our shore. Stay with those stocks still hot on adrenaline and the momentum is intact." Indeed, most mid-cap and penny stocks headed south while the micro-pennies still enjoying the limelight in the Top Volume closing in the green. Well, I don't really care about them. Ok, I did notice that Vard fka STX OSV was still green among the bloody stocks.
So what will happen to the stocks today?
I believe we will open weak but likely to close on a high note today and not slump further down. This is my view and it may not work out exactly. Look for the strong stocks among the reds if you are looking for trading opportunities ......