Market closed by 16 points lower in today day's session after gaining a hefty 76 points yesterday. Anyway, I posted my view on the market today so there.
As I've suspected, most of my favorite stocks are moving sideways. AGI, MPI, MEG, and FLI moved sideways today after advancing around 5% in the past two sessions. The only one that advanced strongly today is RFM. It looks like it has awakened from its six-week slumber. I can still remember my trading plan for RFM!
MPI could possibly forming an ascending triangle formation though. A convincing breakout at 4 should warrant a buy.
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