Daily market Comments - February 16, 2009  2:11 PM

Cure for the common cold? Good news and bad news...

I ran across an intriguing article about the common cold I'd like to share with you...

According to the journal Science, scientists have unraveled the genetic code of the common cold.

That's the good news.

The bad news? The scientists also discovered the many different strains of the common cold are even more complicated than they expected. Due to the many mutations, researchers now believe there can be no "one cure", and that many different drugs will need to be developed to cure the cold.

The stock market also showed us some "good news, bad news" Friday.

The bad news concerned the sea of red across all the major indexes. The DJIA, Nasdaq, NYSE Exchange Composite and the S&P 500 all looked "under the weather" at Friday's close.

But the good news is that I'm seeing a handful of beautiful chart setups, even in the negative market environment. In fact, I was surprised at the quality of some of them.

And there's a small medical device company that exploded over 80% Friday (it doubled in price intraday) based on some HUGE news released by the company. I think the small stock could be a home run. I'll name it for my Premium Members.