S&P 500 draws buyers near longer-term support
February 02, 2010 at 12:49 PM EST
After a two-week bloodletting, the U.S. markets have started February on the upswing, but from a technical perspective, it's worth noting that Monday's rally lacked volume, and an extended basing period is likely in order -- in the best case -- before last month's technical damage is repaired. Still, there are stocks whose charts look promising, including several contract manufacturers.