Monday, April 21, 2008

30 Minutes Before the Close

With about 30 minutes to go the Nasdaq Composite has turned positive. The DJIA, S&P and Russell 2000 are still down slightly for the day. Technically the Dow is still above its resistance breakout on Friday. The S&P and now Nasdaq Composite are sitting just below resistance. The Russell 2000 is still about 13 points below resistance. The markets are pausing and profit taking seems to be moderate on this first trading day after options expiration last Friday. Stocks moving higher today: AAPL, AGU, BIDU, BTU, CF, FSLR, FWLT, MA, MEE, MTL, MON, MOS, NKE, POT, SLB, SNDK, V and VRTX. Numerous earnings reports are also coming this week.

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