Use access key #2 to skip to page content.

JimVanMeerten (56.06)

Time to sit on the sidelines today



August 16, 2010 – Comments (0)

The market opened lower today and in the first few minutes of trading declines out numbered advances. At the time of this post over 64.22% of approximately 6000 actively traded stocks were trading below their 20 Day Moving Average.

At this moment, I think it would be imprudent to recommend adding any new stocks to your portfolio. I will continue to monitor my portfolios for stocks that are not continuing their upward price momentum and will sell those I feel will not recover in the near future.

I will place on my watch list any positions that are performing worse that my market benchmark -- The Value Line Index.

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email

Disclosure: No positions in the stock mentioned at the time of publication

0 Comments – Post Your Own

Featured Broker Partners