Counter Trend Bounce in DJIA and SPX

With less than an hour to go the DJIA is up and has formed a lower high and lower low as of this moment. The SPX is up and has formed a higher low and higher high. The Nasdaq is still down and is still forming an inside day. The RUT is down and has formed a higher low and higher high. All four indices are still well below the R1 resistance level of Thursday's large black candle. Keep in mind this is a counter trend bounce which for many traders is the time to look for the right entry point into the down trend Ag-related stocks POT, IPI and AGU are higher. MOS, CF and MON are lower. Coal related stocks KOL, CNX, MEE and ANR also moving higher. BTU is breaking out so we will post a new price target after the close. Monday's Last Hour Action Moving Up: CLF, FSLR, SCHN, BTU, DECK, POT, IPI, MEE, BIDU, GS, AGU, ANR, CNX, ESRX, NUE Moving Down: STRA, PCLN, MA, DRYS, RIMM, LEH, V, GRMN, AAPL, MOS, CF, MON