Market Monitor

• Tuesday's ugly action never followed through yesterday. Once market participants realized that, they were busy buying.
  
• The Stocks up 50% or more in a month reading is at 19. The momentum started building up in last 4 days and the readings have quickly climbed. Later I will post the list of these 19 stocks. Such elevated levels indicate near term correction.
  
• If you look at the market monitor over period of time since 6/7/2007, you can see how this move has progressed. How many opportunities were there for profit making.
• While buyers were active, it was very cautious buying ahead of earnings.