Awaiting A Directional Signal From The Stocks

By: Scott Johnson Wednesday, July 01, 2009 12:30 PM

Symbols: AFL, AIG, BAC, C, CBRL, COF, DRI, EQIX, HD, JWN, MET, WFC, WYE

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Looking further at some consumer stocks, a number of formerly strong names are showing cracks.

- DRI

- CBRL

- JWN

Meanwhile, a lot of garbage stocks seem to be leading us higher, especially those related to automobiles. Energy and commodity stocks are weak. If the market wants to move higher here, there will need to be some new leadership emerging, and I'm not sure from where.

I'll close with a few long side charts I like:

- WYE

- EQIX

- DL

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Research Related Stocks: AFL, AIG, BAC, C, CBRL, COF, DRI, EQIX, HD, JWN, MET, WFC, WYE,

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