No edge zone

The market continues to churn. Unless you are a day trader or trading for small 1 to 5% moves, there is no worthwhile must buy or must short sell kind of set up currently. For longer term trades, the stop required if you enter at this stage are much larger as the market is volatile on a day to day basis.

I am watching for new leadership. The momentum scan which I discussed some time ago is mot useful and most profitable after such corrections. Here is what is showing up in it currently:

ANGN,Angeion Corp (Google  Yahoo  Earnings BW  Chart) 
AOB,American Oriental Bioengineering Inc (Google  Yahoo  Earnings BW  Chart) 
APN,Applica Inc (Google  Yahoo  Earnings BW  Chart) 
AXR,Amrep Corp (Google  Yahoo  Earnings BW  Chart) 
BITI,Bio-imaging Technologies (Google  Yahoo  Earnings BW  Chart) 
BRLC,Syntax-Brillian Corp (Google  Yahoo  Earnings BW  Chart) 
CLEC,Us Lec Corp Cl A (Google  Yahoo  Earnings BW  Chart) 
CRVL,Corvel Corp (Google  Yahoo  Earnings BW  Chart) 
FTGX,FiberNet Telecom Group Inc (Google  Yahoo  Earnings BW  Chart) 
GROW,U.S. Global Invest Inc A (Google  Yahoo  Earnings BW  Chart) 
GVP,Gse Systems Inc (Google  Yahoo  Earnings BW  Chart) 
HTI,Halozyme Therapeutics Inc (Google  Yahoo  Earnings BW  Chart) 
IIG,Imergent Inc (Google  Yahoo  Earnings BW  Chart) 
JST,Jinpan Internat Ltd (Google  Yahoo  Earnings BW  Chart) 
LFC,China Life Insurance Company (Google  Yahoo  Earnings BW  Chart) 
MAMA,Mamma.com Inc (Google  Yahoo  Earnings BW  Chart) 
PNCL,Pinnacle Airlines (Google  Yahoo  Earnings BW  Chart) 
PTT,Vcg Holding Copr (Google  Yahoo  Earnings BW  Chart) 
SLP,Simulations Plus Inc (Google  Yahoo  Earnings BW  Chart) 
SQNM,Sequenom Inc (Google  Yahoo  Earnings BW  Chart) 
STEC,Simple Technology Inc (Google  Yahoo  Earnings BW  Chart) 
SVNT,Savient Pharmaceuticals Inc (Google  Yahoo  Earnings BW  Chart) 
SYX,Systemax Inc (Google  Yahoo  Earnings BW  Chart) 
TSTC,Telestone Technologies Corp (Google  Yahoo  Earnings BW  Chart)