Daily market Comments - August 20, 2008  4:45 PM

"Not exactly "Wonderful Wednesday", but we'll take it...

With Turnaround Tuesday not happening yesterday, I was hoping for a Wonderful Wednesday today.

Well, the market tried to cooperate a bit. All major indexes did close in the green. Modestly though... but we'll take it.

Helped by HPQ's nice earnings surprise, the Dow took the lead today, up almost 69 points, and the Nas was up just shy of 5 points.

The Solar stocks "shined" again today, helped by good earnings reports coming out right and left from companies in the sector. Lots of good charts there, and I especially like ENER.

I'm also starting to see nice bottoming action in the now beaten-down Energy stocks... the "Darlings of the Market" just a few short weeks ago. GMXR looks good there. And watch PDRT - it was up huge today.

But I'm going back to the hot Health sector tonight. I've found another beautiful chart there, and I'm going to name the stock as my ARM Play this evening.