Unlike yesterday, the stock markets are trading dramatically higher at 2:15 pm EST. The fear of oil price surpassed the $70 mark is disappearing today after the PPI announcement. I am not sure if this is a one-day wonder or not, maybe this is an excuse for traders to get back to the bull move after several down days. I would wait and see because the thread of higher oil price is real, and demand for it is real also. I would only buy oil related strong issues for now, (WFR) is a good example of it, see my previous blog why I like it so much.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(EZPW) 38.02 +5.01 +771
(FELE) 61.82 +8.82 +726
(PPDI) 40.73 +7.12 +715
(AVD) 23.42 +1.85 +557
(JOBS) 22.37 +0.84 +539
Stocks Down:
(FLIR) 26.74 -3.01 +751
(MDP) 50.73 -4.83 +696
(AD) 28.37 -0.72 +645
(UNH) 50.34 -1.33 +520
(PEIX) 30.67 -3.21 +420
Tags: stocks midday
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