Stock Market

The beat down of financial stocks has stopped for the time being. After JPM has now upped their offer for BSC to $10 from $2, most financials have rallied as indicated by the UYG:AMEX which tracks financial stocks.

Some new 52wk highs in the markets include WMT, BEAS, HCBK, GILD, NKE CSX, TJX and URBN.

Amidst weaker broader markets, pockets of strength keep making themselves known, attracting the attention of more active traders looking for some upside in the sea of red.
Buying strong stocks in a weak market is a time tested strategy, here is a partial list of stocks showing good short term upside momentum:
AMAT - Applied Materials
GLD - […]