Monday Monday

Markets rebounded meekly Monday, as Mondays have been now for some time a strong day, but did so in very weak volume. That suggests big institutional money was mostly on the sidelines today. As on Friday, most of the days winners were energy related. The indexes were boosted by some merger news as ANR was looking to acquire MEE. This follows WLT buyout of Western Coal in early December as coal is a hot commodity. INTC being halted early in the session did little to derail the Nasdaq. Earnings reports tomorrow include CMI ADM EMR UPS before the open and BRCM CHRW after the close. Tomorrow morning we get reports of December auto sales, construction spending and ISM Manufacturing Index.

Stocks near specific buy points but do so with caution, are MDR @21.13 in a flat base. TSO @19.84 in a cup with high handle. AMP @62.84 in a 3 weeks tight pattern. Cup with handles include BK @32.60, USB @27.78, OXY @99.67, RIG @83.32, MS @30.35, WFC @33.09.

Stocks near their 50 day MA are VRSN 33, AXL 13.30, ALTR 37, ADI 37.80, AVGO 27.70, MXIM 24.50, GSM 17.80, MTL 29.25, RS 50.50, A 40.25, ITW 52.50, JOYG 84.50, AAPL 329, OPEN 74, AGCO 50, AGU 86.25, LULU 66, COST 71, PETM 39.50, WFMI 50, NDAQ 23.50, PAYX 31, ADSK 39, REE 12, BLL 69, TXN 33, JBL 19, BBBY here, DOW 34.25, KKR 14.25, TROW 64, ADP 47.25. Stocks that can be bought if they reclaim their 50 day MAs are DRI thru 48, PX thru 93.75, CPX thru 29, PM thru 58.25. Stocks that found excellent 50 day support today were TCK EBAY ROVI UNP TEL JNPR CE SIGM SOA INFA. NBL CXO both continued their strong behavior after finding solid 50 day support on Friday.

Stocks near their 200 day MA are MRVL 18.10, OVTI 24, GFI 15, HPQ 44, LOGI 17, ARUN 19, AKAM 46, ANN 21, YUM 45.10, WYN 26.50, BUD 54.95, INFY 65, NSC 59, NTRS 50.50, SAPE 11.50, AEM 67.80, FDX 86, BBT 26.40, RIMM 56. Stocks that found support at their 200 day MAs were PBR PVH TAP MCD.

ETN a recent, new member to the "par stars" group rose 4% today. Looks like DVN NBL are poised to become next members sometime soon.

Stocks that can be shorted at their 50 day MAs are JCI 39, MSCC 23.50, TKR 48, JRCC 23.30, COH 55.25, RL 110, SQM 54.50, AAP 65, SBUX 32.50, HOT 60.50, OMC 46, CA 24.50, PMTC 23, CHRW 78, UPS 72, SCCO 46. Stocks that can be shorted as they pierce their 50 day are TEN under 40.50, EL under 80, CCL under 44.25, STT under 46. BWA found resistance a its 50 day MA today.

Good luck.