Monday Market
posted on
Aug 17, 2009 12:40PM
Edit this title from the Fast Facts Section
On Pinks - BEHL sp still trying to recover over the rockin' from their press release of a couple of weeks ago ( http://news.moneycentral.msn.com/ticker/article.aspx?symbol=US:BEHL&feed=MW&date=20090804&id=10226189 ). Unfortunately, it gives the appearance that coverage is unwanted. However, nothing significant about the Company and their machine's production capability has changed, and this appears to give a reasonable opportunity to get in if one so chooses. Daily technicals still very Bearish even though current cycle is upward. BEHL PR Machine still pumping at full steam with latest - (http://news.moneycentral.msn.com/ticker/article.aspx?Feed=MW&Date=20090817&ID=10277165&Symbol=BEHL Looks and sounds pretty good, but please perform your own additional DD.
Dow down a bucket full but showing some recovery at the noon-time hour, possibly cost-averagers. Definitely not a Mutual Fund Monday. Saw this downside in the cycle coming a week ago when technicals went Bearish. Very difficult to turn the cycle around once it falls off of the emotional edge. Seems some of that bad economic news of last week is finally sinking in. Lower BB at about 8860, so should see some recovery around there, but no promises. Options expiration week, so may get more volatile later in the week.
Energy sector very weak today along with the rest of the Market.
Still looking for Repair7 to help out over here and update all of us with the latest. If anyone has stats to fill in for this Board, please do so. If you have data but cannot enter it, please feel free to PM me.