By Brian Nichols:The long-awaited market pullback has finally begun - or at least there is a chance that the markets will continue its downward trend. Last week, the S&P 500 lost 2% of its valuation, and has traded lower by almost 5% during the last month. With that said, my "5 Stocks To Watch" from last week had an average return of almost 3%.
Yahoo! (YHOO) traded higher on Friday as the Internet stocks continue to show strength. Today’s high of $14.93 is resistance for Monday’s continuation move. If the stock can break through this level we should see strong volume as traders buy the stock. I’ll will watch YHOO closely on Monday.