The market's weakness at the open has persisted throughout the first half of the trading day. Let's take a look at what is moving following this morning's jobs report.

Bullish

Upgrade Winners: Continental Airlines ( CAL), Energy Conversion Devices ( ENER), General Mills ( GIS) and ADTRAN ( ADTN).

Fertilizer Plays: Potash ( POT) and CF Industries ( CF) are bucking the downtrend in other commodity areas.

Ultrashort ETFs: Watching the SKF/SRS plays rise as well as ProShares UltraShort Oil & Gas ( DUG)

Elan ( ELN): Receiving $1 Billion investment from Johnson & Johnson ( JNJ).

Bearish

Analyst Downgrades: BJ Services ( BJS), Johnson Controls ( JCI) and Southwest Airlines ( LUV) are all lower.

Earnings Misses/Warnings: Illumina ( ILMN) and Xilinx ( XLNX) are lower.

Transports: FedEx ( FDX), Union Pacific ( UNP) and some truckers are lower.

Financials: Goldman Sachs ( GS) and JP Morgan ( JPM) are not able to lead the sector higher and the group was also a non-factor Wednesday during the market's rally.

Oil and Oil-related Plays: Oil ETF ( USO), Exxon Mobil ( XOM) and Transocean Ltd. ( RIG) are weak today.

TiVo ( TIVO): Taking a hit after judge stays court decision against Echostar ( DISH).

Sepracor Inc. ( SEPR): Shares are down over 15% after the Food and Drug Administration halted trials of Lunesta trials.

Internet Giants: Amazon ( AMZN) and Google ( GOOG) are helping drag down the Nasdaq.

Summary

Shares of FSLR, which were down nearly $4 in the early going, have since bounced back. This is why I recommended moving the trailing stop lower to capture more of the profit. It should have been a good trade for readers. Gold ( GLD) is pulling back today and may be set to close the week slightly lower. Treasuries ( TLT) are up slightly and should end the week flat if we closed around these current levels.

I will be looking for potentially more opportunities, but you have the key names to focus on above if you choose to venture out in a trade this afternoon. We may start to see some extra volatility with traders beginning to head out to the exits a bit early in front of the three-day holiday weekend.
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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