My Trading Radar

The market is trading a little weak today, but nothing too disconcerting so far. Buyers seemed to be focused on oil & gas stocks, VOIP plays, utilities, mortgage firms, and household products. Interesting upside movers include NAII, BLDP, ZTEL, & EGHT.

The market is now facing pretty tough overhead resistance. Both the Dow & S&P 500 are facing their 200-day moving averages (10,254 for the Dow and 1,111 for the S&P 500). As for the Nasdaq, the 50-day moving average at 1,890 is important to keep on the trading radar.