Online Stock Trading | Stocks Bounce On Oversold Conditions

Stocks Bounce On Oversold Conditions


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Stocks were able to find stable footing to move higher on Monday.  Bloomberg had volume higher on all the indexes while IBD had volume lower across the board.  What we do know, it wasn’t overwhelming by any stretch of the imagination.  Ideally, the bounce should have come on volume higher than the 50dma.  Unfortunately, the market had other ideas.  Large institutional players continue to stay parked on the sidelines.  It seems this market will remain in no-man’s-land for the time being.

This market still has its issues, going long stocks here is added risk than in a confirmed rally.  Some stocks that have caught my eye:  AMPH, APEI, and OESX.  All three stocks have excellent growth characteristics.  Another area that I want to start looking at is Pollution Control stocks.  Global Warming and its fallout will continue.  With the 2008 Beijing Summer Olympics Air Pollution will be a hot topic.  Three stocks in this area FTEK, MPR, PMFG all look to be positioned well to benefit from a surge in awareness about our air quality globally.

Enjoy your day!

Market Speculator

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Comments

One Response to “Stocks Bounce On Oversold Conditions”

  1. Stocks Bounce On Oversold Conditions | Investors Paradise on May 28th, 2008 12:08 pm

    […] Stocks were able to find stable footing to move higher on Monday.  Bloomberg had volume higher on all the indexes while IBD had volume lower across the board.  What we do know, it wasn’t overwhelming by any stretch of the imagination.  Ideally, the bounce should have come on volume higher than the 50dma.  Unfortunately, the market had other ideas.  Large institutional players continue to stay parked on the sidelines.  It seems this market will remain in no-man’s-land for the time … [visit site to read more] […]

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