Tuesday, February 12, 2008

Today's Open Looks Positive

Today's action looks very solid. I didn't feel that the market opened up too strongly and thought buying off the open was very attractive. Turns out it was. The S&P is now up almost 2 % on the day with almost no stocks on my watchlist in the red. Everything from healthcare (SGP is flying) to tech (RACK, a stock that Cramer just totally threw out as terrible the other day is flying after a double bottom) to financials are rallying hard. As long as this rally holds into the close, I think you're probably going to get some follow through tomorrow. It looks like today could even mark a lower high that could propell the market up to test the 1390 level.

No comments: