Thursday, January 10, 2008

Essential Reading

Wall St Warrior sees good strength in the DJ US Medical Services Index

ETF expert is sticking with Utilities

Stock Trading to go is looking for a bright start for Thursday

Brett's comment on Wednesday's action is telling:

Nearly half of those 20-day lows, however, were also 52-week new lows. There is a core group of stocks that are quite weak; small caps are notable in that regard; financials and homebuilders continue to lead the downside (and were an excellent tell for the late weakness on Tuesday). Among NYSE common issues, we had 40 new annual highs against 390 new lows. The failure of the weakness to attract any sustained buying has been worrisome: bottoms are usually formed when we get very strong buying on high volume at price lows, as institutions pick up bargains. No bargain hunting yet.


Or are too many waiting for a bounce.

Ugly has taken a slice of EHTH

Trader's Narrative is looking for a reprieve in financials.
 
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