Friday, March 17, 2006

Standout Stocks

Here is a list of some stocks making notable moves today:
  • ISRG - has bounced nearly 20% from last week's lows
  • NCTY - hitting new highs on spike in volume
  • HLEX - day 2 of spike to new highs
  • CHE - breaking out to new highs on volume
  • PONR - reversing yesterday's losses; EPS-related
  • SMSC - breaks down further on high volume
  • MRGE - 11% gap lower; delays filing
  • USAK - day 2 of selloff; analyst downgrade
  • JCOM - delays annual report; breaks under 50-day
  • CTAS - earnings ok, but outlook lowered

Market Comments: The market is weakening as we head into the last hour. Semis have clawed their way back into positive territory while energy stocks are still under pressure. 10-yr. yields are higher at 4.67%. The put/call ratio has rebounded to 0.82 after closing at just 0.32 yesterday. I can't remember the last time I saw a reading that low.


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