Wednesday, November 02, 2005

Mid-day Movers

Here is a partial list of stocks moving on above-average volume:
  • High-volume advancers: CUTR, NNDX, OXPS, CBG, ASPM, HANS, WOOF, PRA, AGN, NDAQ

  • High-volume decliners: MERQE, WMS, RNR, SYMC, GBX, SFCC, CI, UNA, KND, DRCT


Market Comments: The market has rallied nicely since the open, and the SPX is now trading above its key 50-day moving average. More stocks are starting to breakout and work higher. Hopefully this will start to show up on the breadth statistics (hi/lo index), and new leadership will become clearer. Right now, I see it as a mix of retailers, tech, and select healthcare plays.

long HANS, SYMC

p.s.- I missed LeBron on CNBC this morning. Did anyone see it? Ping me and let me know the jist of his comments.

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