Stocks I like at this moment

NYX

NYX is up $3 since my recommendation.

NASDAQ

I have not been optimistic for some times, today's nasty reversal further validates my neutral to bearish view.

Update: CTRP

CTRP continues to climb regardless the general market. Tighten the stop, don't let the profit slip away.

Update: NUE

This is a good example that traders should take partial profit along the way. By the way, it is a sell at the open.

Update: WYNN

Also WYNN.

Update: ATI

I closed ATI today.

CTRP

CTRP now is up over $5 since added in my newsletter last week.

Update: WYNN

Up $7 since my buy pt.

Update: ATI

I will close ATI at $100 area.

NUE

I added NUE couple of days ago, today it is up $5.

WYNN

I added WYNN last night, it is up $6 today.

Update: ATI

I would take some profit off the table today for a whopping 13 pts within two weeks.

Weekly Semiconductor index

Another one in a trading range.

Weekly Networking index

Notice we are still in a trading range.

NASDAQ weekly

This is the weekly chart of NASDAQ. Notice we are at the upper trendline. If history repeats, we are likely going down from here.

ATI

ATI is on fire today, now up over $6 from my buy pt.

NASDAQ

It finds support today, hope it will build a small base here.

Not pretty

Today's decline is brutal. As I kept saying in my newsletter last week, it was time to take profit, not entering the market buying blindly. I am afraid this year's incredible run is over marked by this selloff and I closed most of my long positions today. Be careful out there.

It was a great market

I have produced some nice profit during the last couple of months, please go check it out to the right under "winning trades". How long will this bull market continue to run? I don't know. But I do know now it is not the right time to be aggressively long.