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Monday, October 13, 2008

Monday Morning Bounce

We are getting a follow on to the rally that started Friday afternoon, but oddly enough the financials don't seem to be participating. Health care is the strongest sector, followed closely by industrials, energy, basic materials, and technology. Many of the stocks I mentioned last week as being at incredibly low prices are getting big bounces today.

Once again, no breakouts are showing up on the scans. There has been so much damage done it will take time to repair. I have one new high that is not an ETF, SOR, which closed Friday at 30.63, hit a high of 999.99 today. I hope that's a bad print.

There weren't any stocka on the earnings list scheduled to report today, and as far as can find, none did.

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