Today's market is a huge disappointment for the bears, and now they have had a solid week to make something negative of this market. While it is likely that the market will probably finish in the red for the week, it is nothing short of the expectations the bears had each day this week.
Buy the dip is still on full throttle, and as long as the Fed keeps printing the money, it isn't likely to change anytime soon.
From the list below, my favorite is Micron Technology (MU) with its lower-high and strong support at $12.50, that if broken would create a new lower-low and an official downtrend for the stock. Sandisk (SNDK) is also breaking below its recent consolidation zone and could be headed for redder pastures.
Finally, Celanese (CE) has recently rallied to major resistance, and I think that in the coming days will at least revisit $43 and then some.
The rest of the list has some real gems as well… see for yourself.
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