Friday, June 16, 2006

Trade Ideas: EOP, CMCSA, DTLK, GMST, NU, OMM, PNC, MDCI

Big point (%) gains, but little volume to back the buying - looks like short covering. It will take the bulls time to build confidence in this market bottom. Retest of Tuesday's lows should be watched for. The Trade Ideas scan took 5-minutes to come up with 8 stocks. DTLK and PNC were the only two stocks to appear twice over this period.

CMCSA and NU showing strong basing patterns. Utilities could do well in this rally, favoring Northeast Utilities (NU). A 3.6% dividend yield is an added bonus.





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