The market is up around 2:30 pm on Tuesday. Nasdaq is up about 17, S&P 500 is up about 9. The advancers to decliners are about 2 to 1 on both Nasdaq and NYSE exchanges. The up to down volumes are about 3 to 1 on both exchanges as well. The trading volume is a bit low compared to normal trading days. The market is recovering from yesterday's sell-off. Neverless, the uptrend is still intact.
Stocks worth mentioning are (more stock ideas from my private alert list):
(BOOM), is booming its seconds consecutive up day and made another new year high today. Yesterday should be a buy if history is an indication. I expect consolidation maybe in place for this one. $30 could be a good entry point.
(ELOS), a laser related product company made another new yearly high today. Like its peer, (CUTR), it is advancing with the group overall dominance. The laser group is performing quite well in the past few trading sessions.
(ADBE), a big-cap leader in the PDF world and other software products, made a fresh new year high today. Volume has picked up a lot as compared to the typical trading days.
(SHLD), a very popular stock among short sellers. It is up about $10 today after reported earning this morning. It beat the estimate by a few cents. This must be due to short recovering play. It is important to remember one thing. Never short in the bull market like today.
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