The market is trading mixed in the afternoon with modest trading volume. From the trading action of the day, I would be surprise we can get another up day today. The market reverse course from this morning. This is what we have seen in the past few strong up days.
The market is telling us that buyers will rush in if they see any buying opportunities. They do not want to miss out the uptrend. I started buying on last Wednesday. I scoped some (NVEC) yesterday, it proved to be a very good trade indeed. It is up another $3 today. I just hold my position right now. It maybe an over-bought condition for the stock now, I will just let the up wind to sail higher without much risk.
Today's Stock Movers at 2:30 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(NVEC) 27.58 +3.18 +673
(PWEI) 34.23 +0.97 +177
(MICC) 39.88 +1.47 +85
(ILMN) 33.30 +1.49 +65
(AEOS) 37.65 +0.80 +64
Stocks Down:
(ARXT) 41.55 -3.55 +1,659
(ANN) 40.08 -0.55 +536
(RMD 43.11 -3.39 +393
(SCSC) 30.58 -1.42 +302
(FMCN) 58.47 -4.08 +266
Tags: stocks midday
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