Hold Out Or Sit Out
The major indices took
another hit, but
Leading stocks acted better than the o
market, as a few names posted small gains.
Network Appliance
(
NTAP |
Quote |
Chart |
News |
PowerRating) bounced from its
recent sell-off. Volume was light and not a good sign for a
quick reco
Medifast
(
MED |
Quote |
Chart |
News |
PowerRating)
regained its 50-day mo
on abo
trade. Unfortunately, it still has to absorb what appears to
be hea
from 11/14.
SINA
(
SINA |
Quote |
Chart |
News |
PowerRating)
also made a nice bounce on hea
Genprobe
(
GPRO |
Quote |
Chart |
News |
PowerRating) has been quiet for some
time, but felt the need to attempt a breakout today. Volume
was hea
market conditions as the stock was unable to succeed.
With
that this market may be subject to a further correction and/or consolidation. For
now, either holding out for higher prices or sitting on the sidelines is
probably the most appropriate thing to do.
Hope to see you at the
Online Trading
Expo in
The workshop I am gi
Have a Great Weekend!
timt@tradingmarkets.com