Choppy, Sloppy and Random

 | Feb 28, 2013 | 10:35 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

xin

,

gv

,

nflx

There's some indecision in the early going as economic reports are mixed. Breadth is slightly positive with some strength in biotechnology and chips, while precious metals and financials lag.

The challenge is that this week's choppy action has not helped set things up very well and, of course, the machines could kick in at any time and drive the action strongly one way or the other. Right now, the market is holding and traders are waiting to see which way the intraday trend will break.

Xinyuan Real Estate (XIN), which I mentioned yesterday, is following through a little, up a little more than 4%. Goldfield (GV), my stock of the week, which has not performed well so far, is finding some support around $3.50, up 2%. I've been slowly building that position and looking for a move prior to its earnings report later in the month.

Netflix (NFLX) is the big-cap momentum leader this morning and I am looking to add to that position. I'm itching to do more but, so far, it is choppy, sloppy and random.

Columnist Conversations

1100 Handle May be Around the Corner
The action in the DOW today was the reverse of what we saw yesterday in the index. The rally off the lows in t...
The visualization of data is provided by Capital Market Laboratories (CML). Z is trading $115.95, down 2.8% w...
We are still seeing WYNN hold up above key WEEKLY support here, but I do want to show you what is in the way o...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.