Market Rolling Over, Green Turns Red

The market opened nicely today and the S&P 500 rallied all the way up to 1350 with the NASDAQ just breaking 2380 before turning dead south. All the major indices are now in the red and a handful of stocks have rolled over completely to fresh intraday lows.

I have four intraday charts just taken moments before this post for your viewing pleasure. I have screenshots of GOOG, BIDU, TNH, and AAPL.

goog.jpgGOOG Intraday Rollover, Click to View

bidu.jpgBIDU Intraday Rollover, Click to View

tnh.jpgTNH Intraday Rollover, Click to View

aapl.jpgAAPL Intraday Rollover, Click to View

This is part of the 10:30 - 11 AM market reversal that occurs almost every day. When this market bottoms is anyones guess, just have that cash ready to go to work when the time calls.

At the time of this post the NASDAQ is down .1%, the Dow is down .26%, and the S&P is down .68%.

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Read more on Google, Terra Nitrogen Company, L.P., Baidu.com at Wikinvest

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-- Posted by Blain Reinkensmeyer on January 18, 2008 at 11:36 am --

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