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Tuesday, May 08, 2007

Afternoon Roundup

Just about every "down" day we've seen over the past two months has seen this typical pattern. A weak first hour and then a reversal around 10:30.

file spy_05_08_07.gif

Buyers are focused on heavy construction, railroads, internet service providers, trucking, and technology while the precious metals are being sold. Many stocks I'm looking at are in a catch-22 situation where they look ok, but I think I can buy them either lower or after some much needed consolidation.

Posted by Kirk at 2:07 PM in Analysis | Bookmark | Feeds | Link |


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