US GDP came out at 8:30am today, it stood up at 3.8%. It is better than expected. Market looks to be opened a bit higher at the open, but the employment cost index is bit higher than expected. Because of recent down on volume close days, I would use caution today, wait until market is back first.
If you follow the CAMSLIM methodology, market weights the highest. If we have a good market, stocks tends to follows.
Today's stocks to watch:
Positive momentum stocks: CSTR (plan to install machines to Walmart and good earnings, WOW, this is big news, looks like a buy today), AVID.
Negative momentum stocks: DECK, MXIM, IVGN, MSTR.
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