Stocks of course have not recovered from their morning weakness though the indices are off their low over the past 2 hours. No major swoosh, but a good test of support (e.g. NASDAQ at the 10 day EMA) and a rebound.
SP500 -13.31, -0.61%
NASDAQ -40.96, -0.79%
DJ30 -89.65, -0.48%
SP400 -1.07%
RUTX -1.22%
SOX -1.56%
That said, many individual issues are much more volatile, especially those with earnings reports coming after hours or tomorrow. Several plays have not delivered great pre-earnings runs and some have cold feet ahead of results. We will be closing some of them unless there is a substantial recovery in the last half our.
Stocks such as OPHT have rebounded off early selling ahead of results. Others such as CALD, OCLR, INSY, JWN, PLAY have not. Again, if they do not rebound as other stocks have, we will look to close out those positions. After all, Trump says to sell stocks. Seriously?
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm
Customer Support: http://investmenthouse.com/contact_us.php
No comments:
Post a Comment