Monday, November 28, 2005

Mid-day Movers

Here is a partial list of stocks moving on above-average volume:
  • High-volume advancers: CMED, OXPS, NWRE, CPSI, NETL, CUTR, HANS, LMS, SNDK, CTHR

  • High-volume decliners: APPX, ALXN, SNDA, DRIV, VTIV, GHL, NDAQ, OVTI, JEF, SVC


Market Comments: The market has been under pressure all day. Energy stocks are leading the decline, followed by housing stocks and brokers. Oil is down below $57, which is pressuring oil & gas stocks. Other interest-rate sensitive financials are bucking the weakness as bond yeilds have falled below 4.40%.

The market was way overbought, so some consolidation is not suprising. I have raised a little cash, and will look for opportunities to add on pullbacks.

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