Looking for Some Support...Bounce

With just over an hour of trading left for the day, the broad averages are still down. The DJIA, S&P and Nasdaq have hammer like candles forming and the RUT is forming a doji. These candles are indicating that downward momentum is abating at least for today. The indices have spent most of the day in the red and none have come close to the R1 resistance level of yesterday's large black candle. Are large number of the stocks in our watch list are enjoying strong support bounces today. Dave's Insight: Support bounces in an up trend are with the trend, support bounces in a down trend are counter trend. Ag-related and coal stock continue to be strong with a support bounce in their bull flag formations. Friday's Action Moving Up: POT, STRA, ANR, SCHN, MOS, MEE, BTU, AGU, V, SOHU, CNX, CELG, CF, FWLT, NKE, MON, DRYS, GRMN, MTL Moving Down: FSLR, MA, BIDU, PCLN, RIMM, AMZN, GS, IBM, DECK, LEH We'll have our stock by stock recap later on today after the close...