The stock market sold off very hard on Friday..or in more descriptive terms…

The market really got creamed!!!

The S&P 500 (SPY) is now back below the 50 day moving average while the QQQ is slightly above. Due to large volume another distribution day was added. No one knows if the sell off will continue or we will bounce back like we have in so many cases. The key is caution and prudence. One must trade with a plan as well trade with an open mind. Be prepared for a sell off if it occurs as well as to trade positions if the market heals itself and rallies.

One must believe anything can happen!

Every weekend I make a short watch list and ready list. The below examples are a combination of fundamental and technical. I am not suggesting these stocks rather go study them for educational purposes…

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