Wednesday, July 2, 2008

Dow, SPX Up, Nasdaq, RUT Down

Just over 80 minutes into trading the Dow and SPX are up and the Nasdaq and RUT are down. All four indices have already made higher highs and higher lows compared to yesterday's candle. Watch key support and resistance. Remember the trend and that the current move is likely a short-term counter trend move and not an intermediate term reversal. Stocks that have been in strong uptrends are pulling back this morning. Wednesday Morning's Action Moving Up: BIDU, GS, GRMN, LEH Moving Down: FSLR, CNX, ANR, MEE, SCHN, CLF, X, BTU, NUE, DRYS, PCLN, MTL, RIMM, FWLT, MOS, CF, MON We'll be back with further commentary around mid-day...

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