Equities started to look slightly promising during yesterday’s sessions but the modest gains were reversed overnight and a new spike low has now been formed. Fortunately our ISL was well picked having missed this little stop run unscathed. Thus far that is as we are far from being out of the woods here. As a matter of fact I believe that as of right now the odds of success for our little lottery long ticket have dropped to 25% at best. Let me tell you why:

Over the past two sessions almost every market vertical suddenly turned on a dime, the one exception of course being equities as downside corrections have effectively been illegal since November of last year. You’d think retail traders would love it but it’s become increasingly clear that the pool continues to shrink, the only exception perhaps being the stubborn buy and hold brigade.

Most of our ongoing campaigns seem to have survived the weekend and I very much hope so you have you. Now before you read on make sure to catch up on my Sunday update featuring this week’s top and bottom performing stock symbols, historically speaking of course as my crystal ball is still in the shop. Incidentally last week’s picks did very well adding 10.77% to the win side. Alright, let’s review where we are: