The market starts the day down -15 at the open, but then it recovered 50% of the lost by 2:00pm. At 2:00 pm EST on Tuesday, all exchanges are trading slightly down. Nasdaq is down about -6.0, S&P 500 is down about -3. It is not event when you compared to the 5 strainght massive up days. This is the minor adjustment. The bull is still alive and well.
Stocks worth mentioning are:
(AAPL), the iPod maker is up about $4.5 today. It posted a great holiday season quarter this morning along with the new Mac machine announcement using Intel based chips. It was one of the big gainers in the big cap arena last year. The stock is still having great upside momentum.
(ISRG), a long time favorite of mine since November of 2005, ran up as high as $128.95 before it settles at about $126.50 at 2:00pm EST, is up about $2.6. Its robotic machines are in hot demand right now. A sign of market leadership in the making.
(RRGB), on the different spectrum of the market, like its burger, it smoked is down a massive -$13. Ouch! The casual dining restaurant chain that serves gourmet burgers lowered guidance for the current quarter. That is not what you want from the stock. If you own it, get out ASAP. Volume has expanded to 3000% as compared to normal day. A very bearish sign.
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