Monday, May 12, 2008
Support Bounce Starts 50 Minutes in Today's Trading
About 50 minutes into this morning's trading markets started to bounce. It appears that Friday's support levels are holding and the bounce is happening. The Russell and the Nasdaq are the strongest at this point (just before 11 am ET) followed by the Dow and S&P.
BIDU, RIMM, DECK and SOHU are moving big.
MA found support and is now moving higher. V is still down for the day.
AAPL, AMZN, NUE, MTL, PCLN IBM and GS are moving higher.
MON, MOS and POT have turned positive for the day, while AGU and IPI are bouncing off their early morning lows.
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2 comments:
Dave,
We really appreciate your blogs. But it's just not the same as hearing you live and following the trades. Certainly do miss you in the trading rooms lately and especially the Active Investor Talk. I know you must be quite busy filling in. Will hang in there. Made a nice profit on RIMM today.
Congratulations, Barbara, stay focused and reap the rewards of following your rules.
DJ
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