Four Stocks To Watch For The Second Half Of The Session
At the mid-point of trading, the markets are
dragging towards the worst levels of the day. Chairman Alan Greenspan says
depressing factors are still affecting the economy and that the need for more
fiscal policy should be examined.
Many of the sectors are weak today: Home
Furnishings, Hotels, Restaurants, Tobacco, Chips and Chip Equipment, Banks,
Brokerage and Biotech. Crude oil for Oct.
(
CLV2 |
Quote |
Chart |
News |
PowerRating) has been down over
a 1.00 after President George Bush addressed the United Nations. The Amex oil
sector
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) is dropping to the worst levels of the day and the
Phlx Oil Service sector
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) is also at its lows.
Stronger sectors are: Wireless Service and Gold.
Ashland
(
ASH |
Quote |
Chart |
News |
PowerRating) is staging a counter
trend rally to an area just above its 20-day moving average. ASH is carrying
a
3-month
relative strength rank of 15 with a downtrending ADX of 45 from
TradingMarkets.com.
Deere Co.
(
DE |
Quote |
Chart |
News |
PowerRating) is breaking above the
resistance level from a cup and handle with increasing volume.
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating) is
trading in a mini running cup and handle atop the 20-day moving average.
COCO carries a
3-month
relative strength rank of 98 from TradingMarkets.com.
Agco
(
AG |
Quote |
Chart |
News |
PowerRating) is breaking out of an
ascending triangle with unusually high volume to make a two-month high.
Barr Labs
(
BRL |
Quote |
Chart |
News |
PowerRating) appears to be
breaking down from a triangle atop the 20-day moving average. BRL is holding
a
3-month
relative strength rank of 87 from TradingMarkets.com.
Nasdaq Breadth:
Adv: 963 UpVol: 10689985
Dec: 2095 DnVol: 51315920
Net: -1132 Net: -40625935
NYSE Breadth:
Adv: 889 UpVol: 14298200
Dec: 2265 DnVol: 53941486
Net: -1376 Net: -39643286