Tuesday, August 16, 2005

Midday Movers

Here is a partial list of stocks moving on above-average volume:

  • High-volume advancers: ASEI, RAIL, UTHR, BWA, CME, FRGO, DCAI, PSYS, PARL, ESRX

  • High-volume decliners: DKS, AFCO, SJT, DE, TSA, CPTV, JCP, SNS, AEOS, EENC


Market Comments: The market is down a fair amount so far today, on the heels of weak retail earnings (WMT, DKS) as well as DE. Retails stocks are down the most (-2.0%) followed by semis (-1.70%). While those are the headline excuses for todays selloff, I think the big picture remains that this market correction is not yet over. So we have to let it run its course, wait for bearish sentiment to build, and then do our buying. Hope you have some cash on hand--

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