Notable Stocks

Here are some stocks making high-volume moves:

• GWR - high volume gap to new highs (earnings)
• KNDL - see above; ditto
• MTXX - gapped back above 50-day, but is reversing
• LTM - continuation rally to new highs
• CHS - positive analyst day spurs breakout
• FWRD - gaps lower on EPS announcement
• RIG - lowers outlook for 1H06
• HOC - continuation gap lower
• STP - lower profits hurts China solar play
• CUTR - disappointing earnings; gaps below 50-day

Market Comments: I said yesterday I thought the market could rally this week, but I don't want to see it all in one day. This is a pretty strong spike, especially ahead of Bernanke. The SPX is back above its 50-day and the key 1275 level. Most of the energy stocks have bounced back also (I nibbled at some this morning).

If it keeps up, it is possible that short-covering kicks in and exacerbates things. There are a lot of bears out there. The Real Money bull/bear survey of more than 1000 individual and institutional investors showed more bears than bulls for the second straight week.