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Each week I rotate through the S&P 500 Large CapS&P 400 Mid CapS&P 600 Small CapNASDAQ 100 and Russell 3000 stocks to give you the 5 Best Stocks of the Day from those screenings.  NOT TODAY!

I use a very strict technical analysis selection process:

Positive Weighted Alpha

Barchart technical buy signals of 80% or better based on Barchart's 13 technical indicators

Buy signal on 50-100 Day MACD OscillatorBuy signal

Trend Spotter50%+

 14 Day Relative Strength Index

Positive 1,3 and 6 month price change

Not more than 10% off of 52 week high

At the time of my screening process the was not a single S&P 500 Large Cap stock that passed the test.

My advice is to sit it out, keep your powder dry and wait for the market to strengthen.

Maybe tomorrow but I have no crystal ball.

ETFs that mirror those indexes IVV, IJH, IJR, QQQ, UWC

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