I got out of most long positions last Thursday since increasing market volatility prompted me to be more cautious.
However, there is still plenty of buying pressure in many stocks. Take TMO for example, which consolidated after strong earnings. Buyers stepped back in last Friday:
There are many other examples and I plan to increase the number of long positions again this week. Some hot candidates on my watchlist: BAX, BEN, CIT, HES, LVS, MA, MOS, TIVO.
A lot o POMO activity this month should continue to support equities.