The market is trading down across all exchanges. The good news for the market is price of oil is still below $60. Volumes on Nasdaq and NYSE are on track to be higher than Monday. Former stock leaders are falling hard after reporting earning last night or this morning. Examples are: (NGPS), (TNL), and (BIDU) - to be reported earning after close. (BIDU) can be a market mover (up or down strongly) after close. A nice candidate for option trading on this stock.
I guess the trend is not to chase strong leaders right now. Pick the stocks that are just broke out of the base only, not the over-bought stocks.
Today's Stock Movers at 1:30 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(RACK) 31.13 +2.24 +957
(COGO) 17.31 +2.45 +425
(CELG) 52.50 +2.65 +316
(JLL) 94.31 +3.87 +312
(RG) 59.44 +2.38 +291
Stocks Down:
(OCR) 36.60 -5.90 +1,403
(NGPS) 38.78 -6.18 +1,207
(UARM) 46.17 -0.57 +1,171
(BIDU) 88.30 -7.70 +1,076
(INSU) 23.57 -2.98 +881
Tags: stocks midday
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