Thursday, February 22, 2007

Trade Ideas: DJP and BRG

A significant slow down in the buying as the markets threaten to reverse (Nasdaq), or have reversed (Dow) their recent breakouts. However, rising price channels remain intact with plenty of wiggle room down to channel support. Gains in the semiconductor index are significant and should help the Nasdaq and Nasdaq 100 over the coming days (which will filter through to the other indices). The Trade Ideas scan was not showing strong buying of individual stocks; the first 8 picks covered a time span of 23 minutes and only 2 stocks broke the 20 appearance barrier over the day (up to 3 pm ET).

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