The market continues its up momentum from yesterday. Yesterday was a very interesting day. It started up, and then down slightly, then up big at the close. This is a sign of bull strength is coming back to the market.
At around 2:00 am EST on Wednesday, Nasdaq is up about 17, S&P500 is up about 3. The market opens up earlier, and the gains stay as the day goes, a very different behavior from previous two weeks' trading pattern. The advancers to decliners are 22 to 10 on the NYSE and 18 to 11 on Nasdaq. The up to down volumes are 10 to 4 on NYSE and 8 to 3 on Nasdaq. The sign of bull is roaring back now.
Stocks worth mentioning are:
(ISRG), it is up about $4.5 around 12:30pm EST after the recent weakness movements. It was one of the top gainers during the year 2005 with a gain of about 198%. A very impressive up percentage for any stock. Volume has picked a bit more than normal. I believe the support is about $110 now. That would be a very good entry price for the stock.
(HLEX), gapped up this morning, is up about 2.51 after Tuesday's 8% gain. It was upgraded by a stock analyst from Market Perform to Outperform this morning. After close Tuesday, the company announced that its Catalyst Rx division was chosen by Wellmark to provide pharmacy benefit management services. Another boost to the rocket ship.
(PSYS), it jumped about $5 with high volume. After close Tuesday, the in-patient mental health clinics company upped its 2006 outlook because of recent acquisitions. It now expects full-year earnings of $2.20 to $2.25 a share vs. the consensus estimate was for $2.16.
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