HGSI Weekend Review – April 7, 2013

We have finally seen the market sell off, or has it? The large caps as defined by the SP500 are only down 0.5% week over week but the small caps have fallen the hardest. The market has quickly become oversold but is there more selling to come? I will wait till I see how the market opens but if there is a bounce, there are a number of stocks setting up. To reiterate, I will wait and see what the market does, as if the market stays weak the bounces will fail.