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Monday, November 06, 2006
Choppy Trading Expected
Good morning. Ahead the election tomorrow, investors have little to chew on this morning. Lower oil prices, strength in overseas markets, and some merger and acquisition activity are the key headlines. Fed members Moskow, Pinalto, and Yellen are scheduled to speak today.
Stocks trading up in the early going are KOSP, TRFC, SWFT, CRXX, XMSR, HWCC, ESLR, ENCY, FDRY, MEDI, COGO, GILT, GERN, SIGA, OMNI, XING, MICC, VRSN, DIVX, TELN, and PEIX. Trading lower are OSTK, MFLX, ADLR, LWSN, HANS, ARRS, SINA, and ABBI.
We should expect choppy trading over the next couple of days and some stability/base-building around these levels would set us up for the opportunity for a post-election rally. We'll see if the buyers can restrain their optimism enough to let that happen.
Let's have a great week!
Posted by Kirk at 8:56 AM in Preview | Bookmark | Feeds | Link |
