Keep an eye out for stocks holding up on negative days. Today was pretty ugly and almost every breakout failed. Trader Mike posted the best explanation I have seen from briefing.com.
http://tradermike.net/2006/02/are_we_topping
Here are some charts of stocks holding up in the face of the larger decline.
CKCM was down early and retested support, but finished well.
MCX was up all day.
ABAX has been finding support in low 19's. Watch for next higher high.
CRI tested support and reversed pretty good.
ESRX is absorbing a lot of profit taking.
GOL is pulling back to support. Held up today and may be ready to resume uptrend.
GILD gapped lower and held up. It is holding over the breakout point.
RELV did not want to go down today and is holding the ascending trendline.
Good Luck,
DT
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