The market is stabilizing after yesterday's massive bull move. DOW and S&P 500 are still making new highs. The only lagger for today is Nasdaq. I expect Nasdaq to catch up again soon. Again the winners for today are still the big cap multinational stocks, mostly in the tech, metal related, and energy stocks. Smaller cap cap stocks are still under pressured. (SMTX) broke the 10-MA, and hopefully it will stay above the 20-MA. I would not buy it until it breaks new highs.
Stocks to watch today:
(BCSI) - higher volume with $3 move
(RIMM) - new 52-week highs
(CF) - strong move on higher volume
(ENR) - Bought a cash flow company
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