Hello all. How was your Wednesday? It's been a while since we've had time and room to update you guys on our most recently featured small cap stocks, but there's so much going on with a couple of them right now we have to make a point of sharing the news. In simplest terms, a couple of our small cap ideas passed along to you in the past few weeks are starting to get some serious TV time. Those of you who've been trading small caps and micro caps for a while will already know how big of a deal national television coverage of a young company can be. Such a stock can go from being known and liked by only a few hundred people to being known and liked by a few million people overnight. Almost needless to say, such notoriety can be very good for a stock's price. So, for anybody who took the plunge - with dollars - with either of these two names when we presented them to you, this progress should be exciting. The first of our featured small caps to draw some major television attention to itself was Giggles N Hugs (GIGL), which we debuted to our readers on July 16th. This kid-friendly restaurant stock was one of the three small caps in focus on last night's "The RedChip Money Report: Small Stocks Big Money" program aired on the Fox Business channel. I'm guessing some of you saw it, but if you didn't, don't worry - the clip should be up on RedChip's YouTube page soon enough. In the meantime, I found this recording of last night's segment on YouTube, though it wasn't on the RedChip page (but it was from RedChip). That's not the big point today, though. The key message here is, imagine that segment being watched by the millions who regularly tune into Fox Business. In fact, I could see a discernible bump in buying volume for GIGL today in the wake of the attention. And it's not over yet. A recording of that particular RedChip Money Report program will air on several overseas Bloomberg Television outlets over the course of the next few days. That's millions more watchers, and millions more potential investors. I've just got a good feeling about the impact. I've also got a good feeling about the company's most recently-completed quarter. The numbers aren't out yet, but they should be soon. Keep an eye on the site for that news; we'll try to squeeze it into the newsletter once it's posted. The other recently-profiled company on the verge of becoming something of a television star is Staffing 360 Solutions (STAF). Some of you in the New York area have already watched the relatively new "New to the Street" program at least once. The station airing the program was ION Television's WPXN. And, that media attention seemed to create some buzz for the stock, even if on a geographically-limited basis. Well, that coverage is about to explode. Per yesterday's news release, at least one New to the Street program featuring Staffing 360 Solutions is going to be aired nationally, with a potential reach of as many as 100 million households. The scheduled air date is December 4th, at 9:30 am. You may also want to look at Bryan Murphy's coverage of an important announcement from Staffing 360 Solutions today. Coincidentally, the same New to the Street episode will also take a deeper look at Hydrocarb Energy (HECC), which is also a recent addition to the stable of small cap stocks we believe deserve a closer look from small cap fans. We just wanted to let you know, in case you wanted to watch for yourself. I'd be willing to bet there's something new unveiled about each company within these television programs... something you can't read about on the web. Just a hunch. Now, let's get down to some business. Drilling For Profits, From the Top-Down If you're not yet a subscriber to the Elite Opportunity newsletter, you really missed something cool/slick today. The guys on the EO team walked their readers through one of their stock-selection processes, drilling down from the sector level to the industry level all the way down to the individual stock level. I gotta say, now it makes sense how John Monroe and his crew can be so consistently successful when it comes to picking stocks. They aren't just looking for good stocks. They're looking - and only looking - for the very best stocks within the sectors that are outperforming the rest of the market. This top-down approach is far more effective than the usual "is this a good stock?" approach most investors seem to employ. Now, I can't tell you everything John and his team put together for Elite Opportunity members. I don't think they'd mind if I ripped one example from today's EO newsletter though. After all, I'm still not giving you the official pick, mainly because John and his research team didn't have one for today. Rather, they're going to mull the data they gathered today, sift through the best stocks in the best industries, and then fire out a pick later this week. Just to paint part of the picture, the Elite Opportunity team diligently looks for the industries or groups leading the market. It's an ever-changing list of industries, so it's a task that never ends. One of the areas the EO crew has been particularly impressed by of late is recreational product stocks.... boats, motorcycles, sporting goods, etc. They admitted what we already know - this is a loosely defined cluster of stocks. Still, as a whole these names have recently found new life. The Elite Opportunity's chart of the industry tells the tale. These names had been stuck in the mud for a year, but when the broad market bounced beginning in the middle of last month, these tickers really started to come out of their multi-month funk. With no more technical resistance in the way, most of these stocks should start to perform well. But which stocks? That's the next step. The Elite Opportunity didn't want to make a pick just yet. Instead, Monroe and his team want to look at all the options in this space from a technical as well as a fundamental perspective and then make a pick. I can tell you, however, they've narrowed down their list to these candidates within the recreational goods industry. Which is it going to be? That depends. If you'd like to know for sure though, I suggest you sign up for the EO service because I'm not going to be allowed to divulge that stock pick here. I doubt it would even appear as a stock pick in our free stock-picking service, even though the Elite Opportunity team is now issuing those alerts (although you never really know). My point is, I've led you as far as I'm allowed to lead you with the bullish call on recreational products. From here, you'll either have to pick your own stock, or let the professional stock pickers of the Elite Opportunity team do it for you. My advice? Delegate the job to the guys who have proven they have a hot hand. Here's how, or cut and paste this link: https://www.smallcapnetwork.com/pages/SCNEO/v1/ Oh, by the way... the recreational products industry wasn't the only industry featured as an exceedingly bullish industry in today's EO newsletter. There were actually three others, each with a watchlist of five potential picks. If you've been needing to reload your portfolio, the guys over at the Elite Opportunity can make it happen the right way, fast. More Fading We've already gone a little long today, so we'll be brief with our market chat. In simplest terms, today was the first time in six days we saw a lower low and a lower high. And sure enough, all the volume that had been missing as the rally reached a slower pace (but was still hitting new highs) a week ago finally started to come out of the woodwork today. It wasn't a ton of selling volume, and it's not like the selloff was huge. Heck, the S&P 500 only closed 0.07% lower. I just think it's interesting how little weakness it took to start drawing the sellers out. One day doesn't make a trend. Then again, all trends have to start somewhere, so today's action is something to keep in mind. I still say the make-or-break level is the 2020 mark, and should that fail, then we'll start watching what happens when we get to all that support around 1973. Let's cross that bridge when we get to it though. For now, the only thing we know for sure is that stocks are taking a well-deserved break. Oh, and for what it's worth, it's not been a blind assumption that bullish depth (volume) and breadth (participation) have been weakening lately even as the S&P 500 was drifting higher. The amount of "up" volume and the number of advancers has been below average and falling for a week now. The NYSE's "down" volume and the number of decliners has also been rising of late, and as of today are above the recent average. Take a look. It's concerning, because we know breadth and depth tend to turn before the market indices do. Whatever the case, we'll keep any eye on this chart and report any more significant shifts as they pop up.