Uncertainty Reigns

 | Jun 14, 2012 | 10:55 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:




Chatter that the pro-austerity party has a big lead in Greece gave the U.S. market a little pop, as the worse-than-expected jobs news was already baked in. The rumor mill is going to be busy into the weekend with predictions about how Greece will play out, but there is going to be a tremendous amount of uncertainty no matter what, and any strong moves are likely to be faded.

I have little trust, so I continue to stick with small, quick day-trades. I'm carrying a few token longs, which are just marker positions to keep my attention. I see no reason to start adding, although the hopeful bulls can hardly contain their desire to call a bottom.

One group I've had some success with lately is small biotechnology stocks. Neptune Technologies & Bioresources (NEPT), for example, is an attractive technical setup and I like the triangle formation in the Amarin (AMRN) chart. The difficulty is the hot money traders that usually drive the good setups aren't interested. There isn't much aggressive trading to be found, so most moves stay small and you have to be wary about chasing.

Columnist Conversations

FB is trading $75.88, up 6.4% with IV30™ down 33.4%. This is a follow up to the post yesterday: FB - Ear...
Bloomberg reporting around 2pm ET Zillow for Trulia...Z declined to comment, TRLA won't comment on spec. Few t...
With just over 40% of S&P 500 components having reported 2Q earnings, 158 of them or about 77% have surpri...
DHI is the biggest loser in the S&P 500 today. The homebuilder is off over 10% on its heaviest downsi...



Columnist Tweets


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.