We discussed several times over the past few months that the period starting mid- to late-July and through early-October has been the roughest period of the year for the market, and so far, it’s living up to that reputation. After a small bounce early last week, stocks suffered another Thursday breakdown, sending the indices down towards some of their longer-term moving averages.

After becoming quite extended towards mid-July, the market was in desperate need of some backing and filling, and that’s what we’ve been seeing… at least so far. Gobs of individual stocks have been struggling for a couple months now, but strong action in a few stocks that are heavily weighted in the indices covered that up to a great extent. The indices have been playing a little catch-up, and the jury’s still out on whether or not what we’re seeing is the start of a more prolonged correctional phase, or some near-term consolidation that will set up a strong run into the end of the year.

In response, we’ve been trading tight and digging deep as we continue to bring actionable ideas to our community of like-minded investors.

Here are a few for your consideration this morning.

CTRL

AKCA

We scour the market every day to find the best opportunities in the market so you don’t have to. Try out Shark Investing Pro FREE for 30 days and take a swim with the Shark. Click here to get started.

DOVA

RGLD

At the time of this post, RevShark had no positions in any of the stocks mentioned.

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