Stock Strength During Market Weakness

Whenever there is a selloff, one of my favorite things to do is to figure out which stocks are staying strong, if not getting stronger, even though the market is falling back. The reason? This strength usually shows that the path of least resistance is higher, which is necessary for any short-term trade.

Some of the stocks that are now moving higher, even though the market is weak today and yesterday include the following: August Tech (AUGT), BlueFly (BFLY), Border (BGP), Belo (BLC), C-Cor.net (CCBL), Countrywide (CFC), Dow Chemical (DOW), Eresearch Tech (ERES), Gottschalks (GOT), Manor Care (HCR), K-Swiss (KSWS), Lucent (LU), New Century Financial (NCEN), Quest Software (QSFT), Select Comfort (SCSS), Steel Dynamics (STLD), Taser (TASRW), Tumbleweed (TMWD), Vixel (VIXL), and Zimmer (ZMH). A quality list of short-term trading candidates, in my view.