Monday, August 25, 2008

Sellers in Control in Monday Morning Trading

8:55 ET DJIA -127...SPX -14...Nasdaq -32...RUT -12...SOX -2...Oil +$0.36 A combination of higher oil prices and continue concerns in the financial sector gave sellers control in early trading on Monday. Oil which had been up as much as 71 cents to 115.30 a barrel has fallen under 115. Airline stocks which had been down early have started to rise...take a look at CAL, LCC, UAUA, DAL, AMR. These stocks are volatile and are have been moving inverse to oil prices. If oil heads higher thes stocks will likely move lower. Monday's Early Action Moving Up: LDK, BIDU, DRYS, CF, SOHU, AMLN, SINA, AEM Moving Down: FSLR, CLF, GS, STRA, X, ANR, MEE, PCLN, DECK, AAPL, COH, FMCN, AMZN, MA, BTU, SCHN, CNX, NUE, FWLT, ESRX, CELG, HANS, WRC, INFY, NIHD, ONXX, GRMN, MON, MTL, LAMR, BRC, PNRA, RIMM, LEH, BUCY, MER, EXPE

1 comment:

Anonymous said...

Dave:
Thanks for expanding your daily commentary with various stocks and their candles and support/resistance. I work to look at each to train my eye to see if I see the same and the potential/possible trade. The more I look the more I see.
Thanks much.
Robert
CANI_212