Strong Day

Posted by downtowntrader | 11/06/2006 10:22:00 PM | 0 comments »

The indices had a very strong day today bouncing near their 20sma's. Let's see if the next few days bring out a new high or confirm a top. Everyone is focusing on the elections and speculating on what it will mean depending on the outcome, but the important thing to focus on is the price action and what the charts are showing.

Just a few charts tonight to review as there was a lot of action in yesterdays charts.

Corinthian Colleges, Inc. (Public, NASDAQ:COCO)
COCO is looking like it has put in a bottom here and reminds me of the ASEI chart before it took off.

Sulphco, Inc. (Public, AMEX:SUF)
SUF looks like it may catch a bid here bouncing off the lower band. Energy was decent today and could continue to move.

Panera Bread Company (Public, NASDAQ:PNRA)
PNRA is near term oversold and may be headed back to 20sma.

Here are a few interesting links:

Good Luck,