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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (45603)	7/25/2012 10:00:15 AM
From: Rangle	Read Replies (3) \| Respond to of 48461

Some late day upticks after the three day slump was extended to roughly -3.7% from last week's high to yesterday's intraday low. Some follow through pressure was noted in after hours trade in the wake of the disappointing earnings/guidance from AAPL, but the futures have improved this morning. Several constructive eps reports, chatter about the Fed moving closer to further stimulus and comments out of Europe, which underpinned the Euro and European equities, have been cited for the improved but still mixed posture (Nasdaq slightly weaker). First level resistance for the S&P is in the 1343/1344 zone with a secondary zone at 1351/1353. Support is at 1332/1329 (50 sma, Tues. low). Tuesday Summary: A mixed to slightly weaker start following the previous session's intraday recovery attempt. However, the market could not retain the momentum amid on-going Euro concerns and commentary (Greece may miss debt-reduction target), multi-low Euro (multi-year high Dollar Index) and some disappointment in earnings/guidance. Technically the failure to build on the recovery attempt (stalled at 20 ema/38% of slide off last wk high) brought its 50 sma at 1332 into play at midday but only a limited bounce was note before a minor downside extension. Some final hour upticks allowed the index to test the 38% retrace of the late Monday/Tues decline prior to the after hours AAPL report. Sectors pacing the way on the downside included: Coal KOL -3.5%, Solar TAN -3.4%, Mining XME -3.2%, Airline FAA -2.6%, Steel SLX -2.3%, Housing XHB -2.1%, Internet FDN -1.9%, Networking IGN -1.8%, Semi Equip XSD -1.7%, Software IGV -1.7%, Casino BJK -1.6%, Oil Service OIH -1.6%, Energy XLE -1.6%, Materials XLB -1.5%, Pharma PPH -1.5%, Education. Limited upticks in Crude Oil USO +0.4%, Bank KBE +0.3%, Gold GLD +0.3% and Treasuries.