Friday, January 16, 2009

Daily Stock Picks: RYAAY, SXE, NVTL, MCCC, APOL

The market continued through on yesterdays rally as it digested the news from Citigroup, BoA, and Circuit City; that in itself was no small task. The market does still however remain under the lower range of the triangle and the markets feel poised to test that lower bound and begin the sell off. Monday is a holiday for the market, and without even knowing about the news from over the weekend I feel that the market will continue this brief rally on Tuesday with Wendsday setting up for a high volume inflection day. Sunday I will be posting a full weekly update with current sector ranks and trends, so for now I leave you with the Daily Five.

RankPrevious RankSymbolMLT+SwingDays in Top 5
#1(#1 --)RYAAY1.054
#2(#2 --)SXE0.954
#3(#3 --)NVTL0.894
#4(#5 +1)MCCC0.822
#5(#4 -1)APOL0.814

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