Thursday, May 03, 2007

Trade Ideas: ICE, AVZ, NAT, SYY, UUU, CX, SNP, LUK

The Russell 2000 continued to struggle below 830-831 resistance but the S&P, Nasdaq and Nasdaq 100 enjoyed a better day, each pushing a new closing high for the year - following the lead of the Dow yesterday (which in itself closed at a new high for the year). However, the Trade Ideas scan dropped into bearish territory with its top-8 picks covering 29 minutes and the "20-appearance" list ranging over 2 hours and 12 minutes; bulls found today a little harder to keep the pressure on bears.



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