Battling Back to Green

 | May 24, 2012 | 11:00 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

wwww

,

arsd

,

FB

The indices have battled into the green but the action is slow and random. It is obvious that trust levels are low, and that is preventing aggressive buying, but there are pockets of action as the hot money is bored and hungry.

Gold, silver and speculative biotechnology are leading while coal, oil and steel lag. Breadth is positive on the NYSE and flat on the Nasdaq. Most of the big-cap momentum names are struggling, but Apple (AAPL) is bucking the trend and showing relative strength for the third straight day. AAPL looks like it is trying to put in a bottom and I'm inclined to slowly average into it at this point.

I'm feeling a bit frustrated as I don't have much going on. Web.com (WWWW), my stock of the week, is inching up and looks better as it moves through $15.50. Small oil Arabian American Development Co. (ARSD) is also on my radar; it has good early volume and is testing overhead resistance at about $10.50. I've flipped out of Facebook (FB) again, but that has been a good vehicle for day trading and I'll continue to watch for entries.

Columnist Conversations

This one has met a minor target already, the next target comes in at 119.91-120.03, then 121.53. Trail up sto...
Katz:
ETN reported their earnings earlier today and just finished their quarterly conference call. Earnings were in...
Dollar call buyer in Dollar Tree. With shares near morning lows of $54.03 a buyer paid $1 for more than 3500 A...
Corning is taking a major beating this morning. The stock began the session with a huge downside gap af...

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.