Standout Stocks

Here are some stocks making notable moves today on high volume:

• OII: bounces on Mad Money mention, and large contract signing
• AP: spikes to new highs after bouncing off 20-day
• ZUMZ: positive reaction to earnings
• GYMB: hits new high after reporting earnings
• STP: bounces nearly 20% after raising guidance
• BLUD: gaps lower on analyst downgrade
• RAVN: gaps lower after reporting earnings
• BKS: stock tanking after reporting earnings
• PLCE: falls back to 50-day after reporting good earnings
• YHOO: falls to a new 52-week low

Market Comments: The market is not getting much of a bounce. But measures of investor anxiety continue to rise. The VXN is up again today, the CBOE put/call is again over 1.0, and the bull/bear spread in AAII is now negative again. These are the necessary ingredients for a tradable bottom. I have began to add to my long positions.