This morning the S&P Futures gapped down 13 points at the open and have traded in a 7 handle range since. Clearly bulls and bears are fighting it out here and something will give one way or another soon.
As of this writing all sectors are trading down for the day and Energy, Industrials, and Technology are leading the pack.
A few standout stocks defying the downtrend today include GS, MS, CF, and CMG. We are contemplating a long position in CF for Bucket 2 and will discuss it with members shortly.
Other than that it's wait and ovserve mode here at Blue Oak Advisors. There's no reason for forcing action in a market this undecided. Setups will reveal themselves soon enough.
Good Luck this afternoon
Serge
