TradingMarkets Mid-Day Movers

Negative ISM and construction spending reports send markets lower.  Crude oil futures trade lower again by 1% to $58.07.

Tuesday's market action gave us 3 consecutive lower intraday lows in the S&P 500 Index (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

Baidu.com (BIDU | Quote | Chart | News | PowerRating) Q3 Profit Vaults On Higher Revenues, Guides Q4 Revenues Below Estimate (full story).  BIDU shares fall 1.5% through the morning.

Devon Energy (DVN | Quote | Chart | News | PowerRating) Q3 Earnings Down 5% (full story).  DVN shares fall by 0.7%.

Burger King (BKC | Quote | Chart | News | PowerRating) Q1 Profit Rises 82%; Comp. Sales Up 2.4% (full story).  BKC shares jump by over 8%.

CIGNA (CI | Quote | Chart | News | PowerRating) Q3 Profit Rises 15% On Strong Healthcare Performance (full story). CI shares rise by over 3.5%.

Time Warner (TWX | Quote | Chart | News | PowerRating) Q3 Profit More Than Doubles On Asset Sales, Acquisition Of Cable Systems; Revenue Up 7%; Affirms FY06 Outlook (full story).  TWX shares fall by 0.4%.

Chipotle Mexican Grill (CMG | Quote | Chart | News | PowerRating) Q3 Profit Soars On 28% Revenue Growth (full story).  CMG shares fall by over 2%.

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

Distillate Stocks Down 2.7 Mln. Barrels

Use our most popular trading tool to find out how your stocks will move in the next 5 days.

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.