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Monday, October 6, 2008

Stock Market Reversal 10/06/08 - AAPL, MELI, GOOG

This afternoon, the Dow Jones reversed 500 points off its low in about an hour after hitting 9,525.

One of the first stocks to reverse on my watchlist was MercadoLibre ( MELI ) which started reversing well before everything else reversed.

Apple Computer ( AAPL ) showed the most strength for a large cap stock and Google ( GOOG ) was a laggard, still down more then 4% on the day.

Mastercard ( MA ) followed right behind Meli showing major strength.

The Dow Jones is set to close back over 10,000 at 10,015

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