Market Monitor | stockbee

7/17/2007

Market Monitor

  • Market experienced a bit of turbulence yesterday. Options expiration, sub prime mortgage problems, earnings season and summer are all factors which are contributing to more volatile market.
  • Sectors which had run up a lot like metals and energy are witnessing some pulbacks and may be vulnerable to more downside.
  • New leadership is mixed bag with technology and large caps dominating the action.
  • There are excellent tradable pockets of momentum. The stocks up 200% plus is at fresh high. High relative strength plays continue to do well. So runaway strategies are performing well.

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