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I do not include ETF's in this list, but SCO, VIXY & ERY were at the top of my scan this morning.
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For informational purposes, SCO & VIXY at the top of the scan, but not included as a LEV Leader
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Its probably a reminder of the things many of you have observed in this last wk, but I have seen some unusual results from my normal scans and work. For example, having 3 days out of 5 that only had a 1 name meet the LEV Leader performance criteria.
I have seen on various internet sites, etc. this week what I judge to be excess optimism in less seasoned traders looking for a bounce to new highs and assuming a bottom has been made - maybe it has, but everyone should be on guard for a small bounce and further pull-back; perhaps followed by similar patterns of bounce & pull-back. This would be normal bear market behavior.
Shawn
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