Here Are A Few Ideas For The Afternoon
The S&P’s next resistance is the 12/11 –
12/12 highs. The TRIN is bouncing off its lows for the day, so we’ll have to
watch the action this afternoon.
Target
(
TGT |
Quote |
Chart |
News |
PowerRating) gapped down on bad news,
but rallied for a news reversal. A pullback to 30.92 or even 30.70 may give a
good entry. Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) is trading in a Slim Jim near its highs.
MedImmune
(
MEDI |
Quote |
Chart |
News |
PowerRating) looks like a short
on counter-trend rallies. So does Amerisource Bergen
(
ABC |
Quote |
Chart |
News |
PowerRating).
Autozone
(
AZO |
Quote |
Chart |
News |
PowerRating) is in a Slim Jim near
its highs. The stock got whacked pretty hard last week.
Emerson Electric
(
EMR |
Quote |
Chart |
News |
PowerRating) and Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) are also in Slim Jims.
TXU Corp.
(
TXU |
Quote |
Chart |
News |
PowerRating) is beginning a rally
out of a Slim Jim now.
InVision
(
INVN |
Quote |
Chart |
News |
PowerRating) is hitting its 20-day
moving average, but still looks strong.
Bonds
(
USH3 |
Quote |
Chart |
News |
PowerRating) are continuing their
pullback and look good to short on counter trend rallies. Gold
(
GCG3 |
Quote |
Chart |
News |
PowerRating) is just now taking out its intraday high, and looks higher.