Thursday, August 17, 2006

Standout Stocks

Here is a partial list of stocks making notable moves on high volume: (most of the big moves today are retailers reacting to earnings reports)

  • NVEC
  • PWEI
  • MW
  • GYMB
  • HITT
  • FFIV
  • SSI
  • SHLD
  • CTRN
  • OCR
  • ZUMZ
  • FLO

The market is hanging in pretty well. Tech stocks are solid, despite the selloff in energy and commodities. This looks like there is finally a normal rotation occurring out of energy and materials into other areas of the market.

Oil is plummeting near $70, despite the recent Prudhoe Bay disruption. Gold also tumbled $13 today, and broke below its 50-day average. And despite the stronger Philly Fed report, bond yields are stable. All of these are positive developments.

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