Even though it seems like it will never be over, eventually, we will have HOT beautiful perfect (look at all the different years of PAST BIG WINNERS) to buy later on. But first we have too many parabolic issues in commodity related stocks and the market is in a clear downtrend to be looking for new buys. The market looked like from March to June it wanted to bottom and start a little rally in some hot issues, but JUST LIKE 2000, the perma-bull/bank-bottom-callers (then internet-bottom-callers) have had the rug pulled out from under them. I wanted to get bullish but when speculative CANSLIM hotties like AEHR and DGLY can’t keep HOT HOT charts, trust me it is time to stop believing and to start raising the cash. I know my history. We will eventually get 2-3% up days on volume 25% higher than the day before for a few days (just like in late 99 and in late 02 and March 03) that tell us to clearly LOAD-UP and get long. But for now we wait and enjoy the “summer time” while the “living isn’t so easy (for those familiar with the music of a band called Sublime from SoCal).

FULL ANALYSIS BEFORE 5AM EST MONDAY.

Last 5 posts by Joshua Hayes

• Following Through on Friday's Gains Stocks Stage Another Rally on Strong Volume - June 2nd, 2009
• Small Cap and IBD Indexes Lag the Major Indexes with Volume Higher Across the Board - May 29th, 2009
• Are Items That Fill Up Your House too Expensive? Then Rent Them at Aarons Inc. - May 27th, 2009
• Finally We Have The IBD Indexes Leading The Way As Stocks Rally On Heavier Trade - May 27th, 2009
• Ending in Mixed Fashion Stocks Fail to Close Out With Gains Seen Earlier in the Session; IBD Indexes Take the Lead - May 20th, 2009