Thursday, October 26, 2006

Thursday's Afternoon Stocks to Watch

The market is trading higher today in the afternoon. The DOW had another all time high. The Nasdaq market is making a fresh new 52-week high as well to follow the leadership of the DOW. The market is definitely in a very strong uptrend now. S&P 500 also made the 52-week high. The trading volume is on-track to be higher than normal. A very good sign for the bulls.

I would look for buying opportunities right now. Pick the strong stocks like (GOOG), (RIMM), and dump stocks like (NETL). When the trend is strong to the upside, pick the leaders, not laggers. (MSFT) will announce earning after close tonight. It looks to be good from the chart.

Today's Stock Movers at 3:00 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)

Stocks Up:
(TTEC) 18.47 +2.66 +809
(FORR) 30.80 +0.57 +633
(MICC) 51.13 +2.97 +395
(LTM) 52.59 +2.88 +279
(CELG) 49.58 +5.44 +246

Stocks Down:
(RESP) 35.66 -2.84 +1,214
(LNCE) 20.35 -2.49 +1,088
(NETL) 19.14 -5.36 +1,061
(CVD) 59.74 -5.31 +964
(CYH) 32.70 -1.59 +919

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