The US stock market is poised to open higher today after yesterday's strength from a better than expected ADP report. The good news for the rally of the past few couple days is heavier volume to the upside. However, because of the global recession threat, I am not sure if this rally can last. I would use this opportunity to lighten up some of my positions. The pass away news of the Great Former Apple CEO Steve Jobs is the sad news of the day. His legacy will live on! He is the Elvis Presley of the Tech World. He will be missed.
High Stocks:
(ZUMZ) - Better than expected September sale.
(ESRX) - Cuts outlook and yet it is trading up pre-open. This is something news to see. Perhaps it is telling us something that the stock is cheap?
(ESIC) - micro-cap on the rise on earning.
Down Stocks:
(AAPL) - related to the dead of Steve Jobs. I think it will bounce back if the market is still good.
(YHOO) - perhaps less certain about the buyout deal in the near future?
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