The market is expected to open slightly lower today following yesterday's monstrous up day. Volume has increased on the Nasdaq to 2.3 billion, and flat volume on the NYSE. It is a nice welcome for the big up swing for the bulls. Could Wednesday's low be the short bottom? Only future can tell. But I will watch for any following through in the coming days before jumping my feet wet into the market again soon. There are definitely a lot of stocks worth buying once the dust is settled. I will point them out once the sky is cleared.
(ORCL) reported better than expected earning. It could be the support for the big cap tech market stocks. But this one has been a lacker for many years. It could be a non-event for the tech stocks.
(OVTI) is disappointment for the chip stocks. Watch for related stocks on how well they can hold the levels.
Upgrades This Morning:
(SSCC)
(GFI)
(AU)
Downgrades This Morning:
(VE)
(PIR)
(CATS)
Most Active Stocks:
(SPY), (QQQQ), (GLD), (ORCL), (MSFT), (NBIX), (ADBE), (IWM), (CMGI), (ENCY)
Stocks are Up:
(ACAM), (CMGI), (CUP), (ISIS), (ORCL), (CRAYD), (KRY), (BSX), (TGB), (EPD)
Stocks are Down:
(NBIX), (MEDX), (OVTI), (FTO), (RIO), (TRID), (FRO), (BBL), (HAL), (SNY), (SLV), (AAUK)
Tags: premarket, pre-market, stocks to watch
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