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Buzz & Banter

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The market is struggling here off the lows of the day. Yet those stubborn point & figure buy signals persist. As of just before Noon today buy signals outnumbered sell signals 4-1.

That could always change by the end of trading today, but for now, be aware that red on the screen is not necessarily indicative of true supply overtaking demand. That's what the buy and sell signals are saying.

One final observation to note is that the preponderance of buy signals today is occurring in stocks under $20.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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