U.S. Stocks closed with modest gains in light trade on Monday as trading shifts to earnings reports. With little economic news over the weekend and during trading today, stocks traded within a narrow trading range, and it appears the market may have tired out a bit after last week's big gains.
Among the big industry performers today were semiconductors, music and video stores, lumber and auto makers.
Low priced stocks were again among the big percentage movers of the day. The exception was Hewitt (HEW) which was up 32% on reports that Aon put in a bid to buy the company. Playboy stock was a big winner today as well. Otherwise, most stocks we look at for daytrading did not move much today. Given that the market has traded up for five consecutive sessions and that the overall trend is still down, we should see some decent daytrades involving short selling over the next couple days.
Scott Cole
www.bestdaytradingstocks.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment