My Home About Me

I don't want to sound like a broken record, but it is remarkable how many days lately the market has looked weak at midday only to see a late day rally. The market is not up a lot, but enough to erase earlier losses and further frustrate the bears.

Another reason why I did not think that we would see a rally today was the the put/call ratios were finally beginning to show some optimism. The CBOE put/call ratio opened below 0.50, and the ISEE was above 200 - both showing high bullishness.

Oil fell back below $60, amid skepticism surrounding potential OPEC production cuts. As for bond yields, the 10-year finished at 4.75%.

Here are some standout stocks moving on above-average volume:

• AVZ
• PRFT
• ROG
• BFAM
• KNOT
• UARM
• GFIG
• CPA
• LNY
• SHPGY
• CIEND
• VECO
• IPSU
• MCHP

euro   selling options   currencies   Technical chart patterns   support/resistance levels   S&P 500 chart pattern   ETFs (exchange traded funds)   Deron Wagner   Forex   charts   profit   Solar energy ETF (TAN)   International ETF   Trading success   Developing mental edge   Trading focus   Fixed-income (bond) ETFs   Strongest ETFs   option   income