Good morning.
What we needed was an ALARMIST_2After a major sell-off like we’ve seen, it stands to reason that some stocks will be trading at levels that will make them attractive for investors and will have better prospect than others.  When evaluating companies right now, you must consider how opaque the earnings picture looks.
The more opaque, the more likely they are to test new lows.  Those stocks that are more oversold and have a clearer path forward may have a chance to retest lows or form higher lows and highs.  This is that proverbial fork in the road for the market.  In this case, we’re trying to identify the one that will likely be most traveled.

April 30, 2019

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