Finally we had the bounce I had been talking about. This however is not the best way since it came late in the day. AAPL's bad news carried over from yesterday but buyers came in to rally it up. Tomorrow will be very important since we need follow up to this rally to validate it. Financial and housing stocks were the big winners so keep them on your radar. NITE still looking good but keep your stops close since I don't trust this market yet. WFR fell through support early on but I didn't recommend shorting and late in the day went through the buy point of 68.50. The solar group still badly beaten but some stocks are slow to react so keep an eye in that group. SOLF, CSIQ, SPWR, CSUN, and AKNS are some to keep on your watch list. I think there may be some short covering soon on those if this market continues.
Wednesday, January 23, 2008
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