The Market Matrix

Right Now it is 1:01 CST in Texas and I am currently prowling a plethora of analyst reports and finance newspapers to see how I will play the market matrix tomorrow. I sense the market will begin the day higher tomorrow, especially if the Asian markets can muster up a reason to rally after the dismal performance of the markets last week. It has truly been a volatile ride. Some stocks I am looking at are Alliance Data Systems (ADS), Jackson Hewitt (JTX), and Well Care Health, Plans (WCG). Alliance Data Systems is very attractive because the stock was oversold following the Black Stone deal not falling through. The stock has since bounced back nearly 40% of its 52 week low. So my feelings about this stock is based more on a technical argument rather than financial fundamentals. Jackson Hewitt is attractive in my opinion because it too was sold off irrationally because of fears investors had about the IRS reigning in on there beloved anticipation loan business which has rendered the like of them and HR Block millions in revenue. Well Care is another one of those oversold stocks late last year following an investigation by the FBI and the Attorney Generals office in Florida for Medicaid fraud. The stock has since bounced back as those fears of Wellcare losing substantial contracts and facing possible bankruptcy has faltered some what( however it still remains uncertain what will happen).