My Trading Radar

The sellers are overwhelming the tape as the negative tone from yesterday continues. Beyond materials, airlines, and some biotech, not much is working higher as traders opt to take a defensive stance.

Clearly, the strong jobs report confirms we're going to hear the same old story from Greenspan next week (i.e. higher interest rates) and yesterday's disappointing retail sales are still playing a negative role. Still, the day isn't over.

Stocks on my radar this Friday morning include ASEI, CPTV, NOV, CNTF, BCON, FTO, CDR, NPLA, AMRI, BOOM, PDLI, PRVD, NTES, PRVT, SNDA, MON, HOS, QSII, TEX, GRMN, MUR, & TFSM. I'm still waiting for some stabilization (or at least significantly lower prices) before making any move. Where's Baidu.com (BIDU) when you need it?