Markets Forming a Hammer in Early Trading

Markets opened lower this morning, no surprise since the market ins in a down trend, and then rallied to near breakeven. As a result after about 90 minutes of trading there is appearing a hammer formation on the DJIA, SPX and RUT. Oil is higher in early trading up 2.60 to $142.60 Ag-relatated stocks POT, AGU, CF, MOS and MON are failing to follow through on their recent support bounce and are pulling back near their bull flag lows. Even with oil higher coal stocks are also pulling back this morning: KOL, ANR, BTU, CNX, MEE Tuesday Morning Action Moving Up: AAPL, RIMM, CELG, STRA, SCHN, USO, GS, LEH Moving Down: POT, X, MOS, CLF, FSLR, DECK, CF, AGU, NUE, MEE, MON, DRYS, BTU, ANR, CNX, IPI, PCLN, MTL, AMZN, JASO, V