Daily market Comments - February 25, 2009  8:23 PM

Hooray for Bollywood!

It seems that "Bollywood" dance classes are "in."

The dance combines traditional Indian folk dances and hip-hop moves, and is becoming more and more popular with gym-goers in America.

Right here in Houston, Hybrid Rhythms, which opened in 2008, already has five locations. According to the American Council on Exercise, ethnic dancing like belly dancing, salsa dancing and Bollywood dancing are major growth areas for gyms, since lots of exercise junkies are simply getting bored with the traditional treadmill. Ethnic dance classes area also attracting people who don't usually exercise.

Well, the stock market did its own style of "dancing" today as it gyrated all over the place... and... like a belly dancer... "teased" us with a rally towards the end of the day.

It was just a tease, though. The DJIA ended the day in the red, down over 80 points with the Nasdaq down 16 and change. Guess the indexes just got tired of the "dance."

Anyway, I've found an interesting bombed-out real estate play today whose chart shows a beauty of a Morning Star RSVP Play. It could be ready to "dance" to the upside in a big way. I'll name it for my Premium Members.