Another day of volatility as I mentioned last night. The markets can't seem to get going just yet. More time is needed before we can get this situation sorted out and have stocks make some nice consolidation. Over time stocks should do some sideways work and hang tight during this bad market days. Tonight I found a stock called PXD. After posting some decent earnings the stock is consolidating nicely and is almost ready to move higher should the market allow it. Buy point is somewhere around $45.30 with an increase in volume. Oil soared just past the $100 mark so keep an eye on some of those oil stocks. Personally I don't like trading those since their price is too closely tied to the price of oil. If oil should drop on news, then most oil stocks follow suit no matter how great the companies may be. The markets are still in neutral territory so upside may come sometime this week.
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