Watch for Winners on Down Days

If the market is in an uptrend, as we currently are down days can be great indicators of emerging leaders. Yesterday the market tumbled 2+% after the fed cut the interest rate by 25 base points. Investors were hoping for 50 base points, thus the market tumbled. What investors found was a lot of stocks on their watch list in the red. But, for investors that kept current watch lists they might have found some stocks were positive despite all the bearish news on Wall Street.

Three such stocks that soared yesterday were GROW (15% gain on unusually high volume) SNCR (10% gain on unusually high volume) and PRGO (7% gain on unusually high volume).

So, next time the market has a hiccup, do yourself a favor and find the winning stocks with strong fundamentals that reversed the trend of the market, and note that this will only work in an up trending market.