stock market

The market has become even more oversold, so a short-term bounce looks likely.
The potential for a spike is there, but we need something to spark it.
I'm playing the bounce and taking on a few trades.
If we look beyond the eurozone, we see all positive attributes to global data are getting pushed aside.
Bear arguments are obvious, so why not accept that and wait for something to shift?
How do these 30 stocks stack up when we look at the possibility of a May summer collapse?
Some elements are lacking, but the ingredients remain for an oversold rally.
There are also some positive signs on the sentiment front.
The market could not generate an oversold bounce and closed near the lows.
Dip-buying hasn't worked this quarter, and the Fed is no longer acting as a backstop.

Columnist Conversation / Market Updates

| May 16, 2012
| 4:04 PM EDT
U.S. stocks again gave up early gains and finished Wednesday lower....
| May 16, 2012
| 2:58 PM EDT
Stocks are hovering around flat, but the credit market is trading very poorly. Bid-wanteds in cash are rolling in, especially in the go-go financial names....

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