MARKET CORRECTION UPDATE

The markets are now in a correction. Most stocks will follow the general market down so it pays to be cautious. Growth stocks, like the ones we trade will usually go down 2 to 3 times more than the overall market. Make sure you always use "sell stops."

STRENGTH
Here's a list of leading stocks that are holding up during this correction. They remain above their 50-day moving averages, a sign of strength.
AAPL, BIDU, GMCR, ISRG, PCLN, PWRD, NEU, NFLX, HMSY,VRX, VPRT, ASIA, CRM, LFT, RINO, STAR, RAX, ARST.

WEAKNESS
These leaders have fallen below their 50-day moving averages, mostly on heavy volume. Many of them are most likely in the early stage of building a new base.
ADY, CGA, CKSW, HMIN, PEGA, TSRA, VIT, MELI, ARO, EJ, EQIX, FUQI, MED, NTES, STEC

This correction is long overdue and is a normal part of the stock market cycle. It can be healthy in that it allows stocks to set up in new bases that can be traded when (and if) the market resumes it's up-trend. We will be monitoring the leaders very closely and will be ready to take adavantage of any future opportunities.