The market bounced as the TRIX for the S&P 500 was suggesting and this looks like it may become a nice bounce as there is confirmation in the TRIx of that Index:
The only doubt here is that the 50 day moving average (green line) is at 1302, we need to break this level for this correction to be over, if it pulls back from 1302, get your shields ready, we are going down.
Meanwhile there are a few interesting plays. The first one is EMC:
EMC is also turning up, with the TRIX confirming and it is better than the S&P in that it stayed above the 50 day moving average. I love this stock from a fudnamental point of view.
Another interesting play is GLD:
which looks ready to take its all time high. If you buy it you are betting that this will happen, the TRIX says it will.
Finally, a Japan play, AFL Aflac, the “duck” insurance company which does a lot of business in Japan and is bouncing back with strength:
Good Luck! Other interesting ones are :GOOG, BIDU, SLW and VOD
Miguel's Charts 