Tuesday Stocks to Watch

The market roared back with decent gains after several days of down turns. Is this for real? Have we reach the bottom? I would like to see a good follow-thru day before stepping in buying again. Don't be greedy and wait for confirmations to avoid more unnecessary risks. Volume is a bit lower than the massive sell-off days. The good news is more put options are being purchased by traders.

Advancers:
(GOOG) - Announced more products to support Apple.
(WRNC) - Upgrade from a brokerage firm
(SYKE) - Good earning report
(ISSC) - Upgrade from a brokerage firm

Decliners:
(ITMN) - Poor trial with its key drug
(IPGP) - Earning disappointed

Stocks to be Watched Next Week

Important events to be watched next week from Yahoo.

Conference/Events Calendar for the week of March 5-9;
Monday: XLNX Analyst Meeting; BRCM, SYMC, INTC, LRCX, STX at Morgan Stanley Technology Conf; FFIC at Sandler O'Neill West Coast Financial Services Conf; GM, DCX at Merrill Lynch Global Automotive Conf; IVGN Healthcare Bus Tour; LSTR Mid 1st Quarter Conference Call; MDP, IPG, TOC, MHP, NFLX at Bear, Stearns 20th Annual Media Conf; WRI, AKR, HME, PPS, VNO at Citigroup 2007 Global Property CEO Conf; Fed: Poole talks on the economy from Chile; Warsh speaks on liquidity...
Tuesday: AVY Investor Meeting; CTXS Analyst Day 2007; EL Analyst and Investor Day; JPM Analyst Meeting; MVSN Analyst Day Conference; NICE Investor & Analyst Day; TAP Analyst Meeting; TSAI Architects Investor Conf Call; AFFX at UBS West Coast Life Sciences & Diagnostics Tour; AQNT, NFLX, AKAM, DVW at Thomas Weisel Partners 2007 Internet and Digital Media Conf; AVB at Citigroup 2007 Global Property CEO Conf; AVT, CPSI, RARE, ACAP, PAY at Raymond James Institutional Investors Conf; BOH, GBBK, CACB, ZION, FINB at Sandler O'Neill West Coast Financial Services Conf; ELX, TXN, AMZN, JNPR, YHOO at Morgan Stanley Technology Conf; ENDP, AVGN, POZN, ALO, PTIE at Oppenheimer, Positioning Investors for the Next Wave in Pain Management; GWR at Credit Suisse Small/Mid Cap Transportation Conf; PH, GD, AG, LEN, ETN at Citigroup Global Industrial Manufacturing Conf; PRM, CMCSA, IACI at Bear, Stearns 20th Annual Media Conf; Fed: Plosser speaks to economists at Harvard Club.
Wednesday: BAB Investor Day; BOE Policy Meeting; MGI 2007 Analyst Day; NNI Investor Day; XOM Analyst Meeting; AEOS February Sales Results; ABI at UBS West Coast Life Sciences & Diagnostics Bus Tour; ADCT, AMCP, MEE, CME, CERN at Raymond James Institutional Investors Conf; ILA Full Year 2006 Earnings Review; AVT, HIMX, NFLX, SLAB, BRCD at Morgan Stanley Technology Conf; BKHM, WEBX at CIBC 2nd Annual Mid & Small Cap Best Ideas 1-on-1 Conf; CIBC World Markets 10th Annual Retail Conf; CSCO at VoiceCon Spring 2007; CVC, CHTR at Bear, Stearns 20th Annual Media Conf; ENN, EQR, PSB, KRG, EXR at Citigroup 2007 Global Property CEO Conf; TOL, CR, DHI, MANT, SPF at Citigroup Global Industrial Manufacturing Conf; TSFM, RATE, DVW, STMP, YHOO at Thomas Weisel Partners 2007 Internet and Digital Media Conf; Fed: Moskow speaks on the economy; Fed's Beige Book...
Thursday: IT Investor Day; SWK Analyst Meeting; TSN Analyst Meeting; ECB Policy Meeting; FDO Sales Release; TGT February 2007 Sales Release; ROST Sales Release; A at Electronic Measurement Investor Forum; ARO February Sales Release; BEBE Stores Sales Release; CAI, ADG, BEAV, BCO, CUB at FBR Washington Conf; IM, AGR, BOBJ, GSIC, LTXX at Morgan Stanley Technology Conf; OMTR, UNCA at Pacific Crest's 2nd Annual On-Demand Conf; RMIX at Credit Suisse Group CS Holt Under Followed Opportunities Conf...
Friday: JCP February 2007 Sales Release; PSUN Sales Release.

Friday Stocks to Watch

The market is continuing with its downward trend. Nasdaq is down about 1%, and DOW and NYSE both down about 0.5% with volumes much higher than normal. The bear still rules the market. I would not advise buying any new position.

Advancers: (to be ignore for now)

Decliners:
(GIFI)
(AVCA)
(TSAI)
(NOVN)

Is The Market Done With Correction?

The market reversed course from down over 52 points on Nasdaq and over 200 points on DOW is back to green now. It has been very volatile this week since the market collapsed Tuesday morning. The question is: Is the market done for the bears yet? So far as good for the bulls after the morning sell-off. I hope we can hold the levels it was closed on Tuesday session. We may need see how the market trades in the next couple weeks before I can declared the correction is done.

I might take up some PUT position on some of the very volatile stocks such as (BIDU), (ICE), etc. Hopefully I can level off my long positions and reduce risk at the same time.

Advancers:
(HYSL) - obvious winner, being taken by (ORCL)

Decliners:
(LH) - Lower guidance
(STZ) - lower forecast
(NCS) - again lower 2Q profit forecast