Stock Market pauses but .......

After multi day sell off the market paused on Friday. Many indexes are showing high volume because of option expiration effect. Beaten down stocks have seen some stabilization. We may see more weakness at this level as the groups which have topped attract more unloading of long built positions. I am expecting more weakness before the market becomes tradeable.
The weekly commentary is bearish and full of apocalypse scenarios . The new theme now is inflation. There are some arguing about how the CPI is a conspiracy and it understates inflation. Most of the time such conspiracy theories are used by commentators to push pet theories and to use them selectively when it is convenient.
The fact is that the market downturn was inevitable for many reasons. The market was rallying without major pullback for months. The commodities market was in a blowout phase. The bond market was signaling higher interest rates. Worldwide the central bankers were raising interest rate.
The market correction coincides with earning period end. So there is window of 10-12 weeks for this correction to play out. In another 6 weeks the market will again move in earning anticipation mode. So long opportunities will emerge. The summer months are slow months and soon we should see that effect in markets.

Stocks up 50% or more in a month
Not much activity in this list. FRNS, First Avenue Networks Inc move in merger related. So the market likes the merger. MED, Medifast Inc and IFO,Infosonics are both earnings play and have not been affected by the market weakness.

FRNS,First Avenue Networks Inc
IFO,Infosonics
MED,Medifast Inc

Stocks with all time high volume

AMT,American Tower Corp
ATI,Allegheny Technologies
BEE,Strategic Hotel & Resorts Inc
BZF,Brazil Fund Inc
EWM,iShares MSCI Malaysia Index Fund ETF
EWY,iShares MSCI South Korea Index Fund ETF
GG,Goldcorp Inc
GLG,Glamis Gold Ltd
IFN,India Fund
JKK,iShares Morningstar Small Growth Index Fund ETF
KNBWY,Kirin Brewery Company Ltd Adr
MT,Mittal Steel Company N.V.
NXG,Northgate Minerals Corp
QSFT,Quest Software Inc
RACK,Rackable Systems Inc
TTM,Tata Motors Ltd Ads

Stocks down 50% or more in a month

EDAP,Edap Tms Sa Adr
ESCL,Escala Group Inc
FORD,Forward Industries Inc
NBIX,Neurocrine Biosciences
NMHC,National Med Hlth Card

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