All the major averages are bouncing up for the second day now. There looks to be some good oppurtunity to get long some individual names although i'm a bit wary of the indices.
GRMN reported great numbers and is up 10 percent this morning. I had an order about to be placed last night after hours and then I decided against the risk. Not feeling to good about that one this morning.
The reaction to DE earnings was very positive. The stock is up 7 percent this morning. That makes two that I missed out on.
HOLX who went significantly higher after earnings earlier this year had been consolidating until this morning where it looks to have broken out of consolidation and move higher. I'm in this stock currently.
NMX looks to have found support on its 50 sma. Thats another higher low for the stock and i'm looking to get in at the best price today.
Oh yeah, did I mention that PALM is now touching its 200 sma. I think i mentioned that before, haha. There are many nice little trades that go on like this where the stock once crossing its 50 sma just gravitates towards its 200 sma. In fact, NVDA just did this last week! Hopefully I can find some more of them to share.
There's a few other things happening today that are worth mentioning.
For those I will point you to thestreet.com as I gotta go!
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