Daily Stock Picks: RYAAY, SXE, APOL, NVTL, ESI

I'm changing the format of my daily stock picks a little bit and giving the top five stocks from my the medium/long term view and over weighting the timing, you can view the list yourself by using the Stock Screener on the Noiseless Return.com website.

Rank	Previous Rank	Symbol	MLT+Swing	Days in Top 5
#1	(N/R)	RYAAY	1.13	1
#2	(N/R)	SXE	1.00	1
#3	(N/R)	APOL	0.89	1
#5	(N/R)	NVTL	0.70	1
#6	(N/R)	ESI	0.69	1

The market continues to be in the triangle holding pattern as you can see from the following charts of the S&P 500 and the Nasdaq. At some point the two ends of the triangle are going to join up and a resolution to this sideways action will be seen. That day is quickly approaching and I believe that breakout is going to happen on Tuesday or Wednesday of next week. Flags and pendants normally fly at half mast, which would indicate more pain for the markets ahead. There was a failed breakout to the upside last week, but it was very easy to spot as the volume has been anemic as the triangle continues (which only servers to confirm the chart pattern).





No real reason to be long the markets here, if we do break out to the upside the markets will signal it, just as it will on the downside. It's all about waiting right now.