TradingMarkets Mid-Day Movers

Dow and S&P trade fractionally lower, while the Nasdaq holds a tiny gain.  Crude oil futures trade lower by 1.25% to $57.62.

Monday's market action gave us 3 consecutive lower intraday lows in the S&P 500 Index as well as in the Nasdaq (explanations below).  This is a bullish signal telling us that sellers may be done in the short term.  It will be interesting to see if we get more bullish signals today and through the week (click here for more info).

Stocks on the Move

Procter & Gamble (PG | Quote | Chart | News | PowerRating) Q1 Profit Climbs On Strong Sales Growth; EPS Tops Consensus By A Penny; Sees Q2 EPS In Line Or Below Street View; Raises FY06 Outlook (full story).  PG shares are trading lower by 0.7%.

BJ Services (BJS | Quote | Chart | News | PowerRating) Q4 EPS Surges On Top Line Growth, Tops Consensus; Guides Q1, FY07 (full story).  BJS shares fall by over 4%.

IAC/InterActiveCorp (IACI | Quote | Chart | News | PowerRating) Q3 Profit Rises 10% On Top Line Growth; Adj. EPS Beats Analysts' Forecast (full story).  IACI shares rise by over 3%.

Eastman Kodak (EK | Quote | Chart | News | PowerRating) Q3 Loss Narrows On Cost Saving Efforts, Faces Setback In Revenues (full story).  EK shares rise by 4.4%.

MetLife (MET | Quote | Chart | News | PowerRating) Q3 Profit Up 34.6%, Operating EPS Tops Consensus; To Resume Share Repurchase Program In Q4 (full story).  MET shares fall by over 2%.

Alcan (AL | Quote | Chart | News | PowerRating) Q3 Profit Soars More Than Five Fold On Higher Sales (full story).  AL shares trade higher by nearly 4%.

For more stories as they happen, go to our Breaking News section.

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3 Higher Highs In A Row and 3 Lower Lows In A Row- The same tactics applied to 3 consecutive closes in the same direction apply here. 3 higher highs identifies a market that is overbought, especially when its below its 200 day ma. 3 consecutive lower lows is an excellent time to be looking for long positions when the market is above its 200 and to be locking in short positions when its below its 200 day.