After the unemployment announced this morning, the market has never looked back. It sank at the open, then the market traded with above average volume to the downside. Most of the Chinese stocks are down after several days of strength, especially from last year's gain. It maybe correction coming for the whole Chinese related stocks. I would avoid it for now.
Tech stocks are down today as well after Motorola (MOT) was downgrade and announced disappointing sale figure. All (MOT)'s suppliers are down as well. No relief insight. Keep your cash and get out of margin and wait for better opportunities.
The few notable up stocks are:
(BRLC) - HD and LCD TV maker with massive up volumes
(MDLK) - up on no news.
(MEMY) - up with no news, but volume is over 3 times normal with over 1.6 million shares traded
(CHTT) - added to the S&P 600 Smallcap index
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