Wednesday, January 18, 2006

Notable Stocks

Here are some stocks that stand out today:
  • YHOO - down 12% on a penny miss. ouch
  • GLW - bucking today's weakness and nearing another new high
  • MDT - breaking out to new highs
  • CRM - another breakout to new highs
  • PGR - breaking down on heavy volume

Market Comments: The markets are breaking down to new lows for the day. The volatility index and put/call ratio are picking up a bit, as fear enters the investment landscape. How the market closes will be important, as well as whether volume finishes higher than yesterday (read: distribution).

long MDT


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