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Thursday, October 31, 2013

Thursday Morning Update

I guess I shouldn't be surprised, but yesterday's FOMC induced drop stopped right where it was supposed to, at support, and we got a bounce from there. Now we get to see if that was a start of another move up, ore just a preparation for another move down. Right now the latter is looking more likely: all eyes are again going to be on 1758. A close under that and we are likely going to be starting a correction. XLY and XLB are leading the sectors right now, XLU and XLP are lagging. The Nasdaq and Russell 2000 are both lagging. I have oil and gold down, treasury yields up.

I have 110 new highs so far, with breakouts in CRR, ZLTQ, FARO, PFPT, MCHP, POWI, PRGO, and ANIK. I have yet another ton of reports, from last night on the lsft, from this morning on the right:

Ticker Change
Ticker Change
CACC 0.93%
BYD -11.40%
DMRC -6.47%
DGI 3.83%
EXP 0.50%
EPL -13.02%
FB -2.67%
FSLR -3.58%
HWKN -0.13%
KOG -1.67%
KS 11.69%

PSMT 6.15%

PVA 12.42%

RRTS -5.85%

SPWR -9.82%

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