No opportunities this morning...hold off on CMC

Im glad that I held off on CMC because the chart this morning got a bit scary as the chart started to fall off. After scanning all stocks for bounce opportunities, I did not find anything of value.

As a matter of fact, I was closely looking at WYNN casinos about the possible merger with MGM. However, it doesnt look as though WYNN is looking to give up his empire and hand it over to MGM. Also WYNN wouldnt be in a very good position buying out MGM.

So that is that for today-no opportunities.

More tommorrow.

Mark