The market has opened down this morning. The Nasdaq market has been down 1% in the early morning, but it has recovered most of them at 2:00pm EST. At 2:00pm EST, Nasdaq is down about 12 instead of the 28 points in the morning. The Dow and S&P 500 has staged recovery as well. The market has been very violatile for pas couple weeks. The good news buyers are stepping in as stocks are going down. That is very health for the market.
(ISRG) is a good example of this trend. It announced earning last night. It opened down about $15, and down almost $17 at the worst level. But it has recovered to down about $5. (GOOG) is another interesting example as well. When (GOOG) announced earning after close, it went down as far as down $70 in the after market, and it recovered to down only $30. I think $400 has proved to be a good exit point for the short term.
Friday's Stock Movers at 2:30am EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(LIFC) 22.48 +1.98 +562
(ASPV) 26.01 +0.93 +355
(BEAV) 23.27 +1.71 +229
(FCL) 45.87 +2.32 +178
(CWTR) 19.96 +0.99 +137
Stocks Down:
(FOSL) 17.25 -5.94 +1,594
(COHU) 22.33 -6.57 +1,466
(SFNT) 28.01 -4.71 +1,354
(APCC) 20.00 -3.32 +760
(ITMN ) 18.20 -2.41 +582
(ISRG) 121.98 -5.28 + 420
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