Wednesday, May 16, 2007

Trade Ideas: RSG, TV, DCP, CHL, SF, MCY, CVD, TNB

Bulls made another go on breaking the increasingly bearish grip on the markets. They had their greatest success in the large caps (the Dow in particular), but other indices keep their overhead supply concerns and volume was not exactly ecstatic, failing to register as an accumulation day. However, there was a substantial lift in the buying levels from my Trade Ideas scan; the top 8-picks covered inside a minute, with the "20-appearance" list coming in at a strong 3 minutes.

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