A nice day in the market...

Today was much more fun to be playing the market from the long side.

While the DJIA and the Nasdaq could not maintain their highs of the day, they both had (almost identical, percentage-wise) decent gains for the day.

The Dow galloped to an 89.64 point gain, while the Nas popped 20.49.

Technically, I like the Nasdaq chart better than the Dow's. Nas' chart looks like a textbook "W" double bottom, while the Dow may be stuck in a slightly uptrending trading range.

News came out today that the housing meltdown may be near an end, or at least about to level off a bit. That helped certain Homebuilding stocks today.

With the snapback of the indexes, lots of great charts appeared out of nowhere today. One of my favorites is in the Tech area. It almost doubled in price recently, in just 21 trading days. Up over 7% today on a strong reversal, it may be off to the races again. I'm going to name that low-priced stock for my Premium Members below.