The market is about unchanged around 2:00 pm EST on Tuesday. Nasdaq is down about -2, S&P 500 is up about 0.58 The advancers to decliners are about even on the Nasdaq and 17 to 14 on NYSE. The up to down volumes are about even on both exchanges, with NYSE on a slight better ratio. The market is still directionless, but with a down side bias. Caution must be employed until the sentiment is changed in the coming days.
Stocks worth mentioning are:
(MANT), a defense contract company is up about $1 around 2:00pm EST. Volume is about double the normal trading day. It was mentioned by the "Boo-yah" man as one of his favorite picks last night. It is working on the right side of the base, and it is on track to break the recent high created in early August.
(ALXN), a biotech company in the discovery and development of biologic therapeutic products for the treatment of severe diseases, is up about $0.65 with massive volume today. I could not get any news on the company with this massive volume move. Maybe somebody or some funds are accumulating this one after the late November sell-off. I would use this opportunity to get out if I still own this one.
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