The market is trading lower today. The market is dragged down by the quarterly sale outlook announced this morning. As soon the news hit the wire, the market sink badly and has never recovered. Most of the stocks in the same internet space are down terribly, such as (GOOG), (EBAY), (AMZN), and (BIDU). Volumes on all markets are on track to be higher than Monday's volume.
The Nasdaq is at the critical support level of 2207/2209 range. Even the strong stock (GROW) has problem going up today, it reversed course as well. I would wait for the FED meeting is over before stepping in again because of the (YHOO) news.
Today's Stock Movers at 2:00 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(ETE) 27.96 +0.52 +270
(GLYT) 69.22 +1.50 +198
(GEF) 78.80 +1.41 +165
(HITT) 45.11 +0.61 +117
(MOV) 24.45 +0.78 +75
Stocks Down:
(FSLB) 38.27 -0.86 +702
(DJ) 33.02 -0.85 +588
(FSL) 38.29 -0.97 +567
(YHOO) 25.11 -3.89 +538
(IMCL) 28.59 -1.93 +529
Tags: stocks midday
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