Wednesday night update

Posted by downtowntrader | 2/08/2006 09:54:00 PM | 0 comments »

Indices had a good day today, but there was a lot of stuff being sold too. For some reason I am seeing a lot of IBD 100 stocks getting hammered. IWM was up today but a lot of small and midcaps were down. Tomorrow will be interesting to see if we get follow through or if people take their profits and run. Here are a few charts.

PETS has been consolidating in a tight range since the earnings breakout.

AIZ reports earnings in the AM. They dipped back in the triangle but rebounded off the trendline.
ADAM had a nice move and is challenging it's high.
DGIN looks like a short to me if the markets are weak tomorrow.
ISIL is not giving up any ground lately.
DIET may of bottomed and could head back over 8.
PARL had a breakout day and closed above resistance. Should follow through in the coming days.
POWI looks like it will breakout of a pennant if semi's are strong tomorrow.

Also, keep an eye on ABAX and SBUX tomorrow. SBUX got a pump from Cramer tonight.
Good Luck,