The Mood Is Upbeat

 | Dec 27, 2011 | 10:37 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

goog

,

aapl

,

isrg

,

pcln

,

mhr

The upbeat holiday mood continues with a little assistance from a positive consumer sentiment report. Volume is extremely light and breadth is negative, but plenty of stocks are being walked up on lighter volume. 

Big-cap names like Google (GOOG), Apple (AAPL), Intuitive Surgical (ISRG), and Priceline (PCLN) are candidates for mark-ups, and there is some interest in small-cap oils. Gold continues to struggle and regional banks are not looking too hot.

We are a bit stretched to the upside on low volume, so the risk of a dip as short-termers do some flipping is quite high. I'm inclined to look for an index short intraday, but I'll play it very tight.

I'm trading some small oils this morning. Magnum Hunter Resources Corp. (MHR), which I mentioned last week, is moving out nicely on positive news. There is a big short position there and I think it may have legs.

Columnist Conversations

Interpret this any way you wish: Green Mountain recently said it's raising prices 9%, effective November 3. To...
With now several sessions of aggressive selling in the Yen and Euro futures contracts, a few (negative) moment...
Market looks it will pause on the open after two solid days of gains to open week. Interesting piece in MW by ...
Bulls ran up the score with even more on another half percent gain to extend the recovery rally. The reversal...

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.