what I'm seeing:
Quite a few small cap China names look like they might run.. Stuff like YONG, RINO, GFRE.
The thing is -- the actual ticker is not going to matter much. If we have a little throw back rally here, they're all going to move up. That's why I'm a little interested - because the markets pretty much work like a mob. If we're in rally mode then they all run.
My feeling is that there's a chance for a very sharp rally here, just enough to get people's hopes revving, and then it dies just as 'we've turned the corner' stories hit maximum on CNBC.
The low volume makes it easy to push stocks but eventually, when everyone tries to sell at the top... well, they can't cuz there's no volume to absorb the sellers.
A few notable stocks that have already hit new highs are names you know. Netflix! and the best of retail - DECK (think Ugg boots. Or is it Uggs? They're uggly is all I know.)
I'm not sure how a sustained rally occurs here with no jobs, no consumer spending, huge foreclosures on the horizon and sovereign debt issues weighing down for years. But the markets can easily do a little flurry for a few days and the technical picture is suggesting we get a little hope and awe campaign.
Otherwise, Monday is going to just gap down and forget everything I just said.
AI
