Friday, February 26, 2010

State of the Market - 2/26/10

A very boring and non-distinct day today on Wall Street, as stocks started flat, sold off slightly right around 10:00, but then bounced up and moved sideways for the rest of the session. I watched things for about five minutes this morning and my quote screen was so inactive that I kind of knew it was going to be a slow day and shut it down at that point. Volume looks to be lower.

Nothing really changed today from my outlook yesterday - I am still more bullish than anything due to the setups we are seeing. From the stocks I posted yesterday, BEBE and SMCI had decent moves today but that was really it - the setups are still there as not much moved. I didn't see many others after a thorough look through my scans but maybe a day like today will give me more.

I am off to watch the rest of this great U.S. hockey game - looks like it will be a rematch Sunday with Canada. Should be fun. Have a great weekend.

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