Buying all day long… you could have guessed that a bounce was in the cards if you saw that yesterday’s ISE Sentiment put/call ratio was 1.35 (very high). I saw it but neglected to mention it in yesterday’s “Random Observations” post, sorry.

Notable New Lows: AstraZeneca (AZN), Solarfun Power (SOLF), and Vista Gold (VGZ).

Notable New Highs: National Semi. (NSM), US Steel (X), Xerox (XRX), and Deckers (DECK) — I wonder how fellow blogger Controlled Greed feels about exiting DECK back in the 60s (it’s in the 90s now).

I’ll feature Xerox (XRX) as the stock du jour because it made a new high and there was this bit in last week’s Barron’s:

“[Ralph Acampora's] charts are telling him something interesting right now: Large-cap stocks — names like Xerox (ticker: XRX), Schering Plough (SGP), Qwest Communications (Q) and Verizon Communications (VZ) that have been out of favor for years — are showing signs of new life.”

You can judge for yourself from this quarterly chart what you think of Xerox. (The value guys were buying when it was in the single digits, not the chartists.)