Markets are trying to find "support"......
@11.12 AM...markets made several attempts already to...move UP.....but were "beaten down by OPPORTUNISTIC TRADERS"....who are selling furiously into every rally attempt.
By the end of the day...I am expecting a "stronger close".....
Sellers "exhaustion is very evident"...
RIMM is trying very hard to "buck the trend many many times this AM"....mark of a very strong stock......
SNDA is also acting very good in this negative environment...wants to go GREEN also.....
SNDK is the weakest in my portfolio 2 days in a row......looks "extremely oversold NOW"
STP is down in sympathy with FSLR & markets tone.......
UXG is down 5 cents......as Gold is down also.......
Among the GREEN stocks so far @ 11.19AM are:
RIMM,GOOG,JNPR,IGT,GRMN(blowout ER new HIGH),SOHU (ER tonight expect a BEAT)
In my opinion the corrective/reactive phase of this market will be over today.....and building a "FIRM BASE" will start shortly.
Please do your OWN due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Good luck on "rest of the day".
Saleem
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