The Dow Jones was down nearly 200 points today, but the decline was not as bad as it looked. Many of the leading stocks closed near their highs today, rather than near their lows. The market has been due for a bit of a pullback due to current complacency. Today, bad inflation data reported in the PPI index, along with continued higher oil prices resulted in a down open, but, once the oil futures market closed at 2:30, the stock market stabilized.
Tuesday offered no decent potential daytrades. However, Wednesday is a different story. The list includes FSLR, WLT, RIMM, LEAP and FWLT.
Any comments or questions are appreciated!
Scott Cole
www.bestdaytradingstocks.com
www.kungfutrader.com
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