Thursday’s Top Stocks
In spite of the gloomy
opening, both Diamonds Trust (DIA) and Nasdaq-100 Index Tracking Stock (QQQ)
managed to finish near the day’s high. As you can see below, they
still need to overcome the gap zone.
Especially Semiconductor HOLDRs (SMH) were hit hard today. Look at those
layers of gap zone. It takes serious buying pressure to rescue the stock.
One bright spot today was Pharmaceutical HOLDRs (PPH). It staged a strong
rally on heavy volume and took out the gap zone.
Now let’s look at three stocks for Thursday:
I still like eBay (EBAY) and Symantec (SYMC).
If the pharmaceutical sector continues to improve tomorrow, I will be looking
for Johnson & Johnson (JNJ) to take out the resistance level.
Good night and see you tomorrow.