The Strongest Down Market Stocks To Buy

As the markets hover around their lows on fears of a new global recession, certain stocks are looking more attractive than others. The markets are nearing a major break down based on the daily 200 moving average on the S&P 500. Wall Street players must be very careful when picking up anything long, choosing the correct stocks at the perfect levels. 3M Company

is showing significant strength even while trading slightly lower on the day. With the S&P 500 down 1.5%, MMM is only lower by .70%. In addition, the S&P 500 is trading below the lows from yesterday, but MMM is trading above. This tells pro traders that MMM may be a solid play on the long side in an otherwise weak market. Cree, Inc.

is another strong player in the market today. As the S&P 500 hits new lows of the day, CREE is holding on the positive side trading at 33.17, +0.15 (+0.45%). In addition, CREE put in a solid technical bottom over a week ago. This is being confirmed by the strength in the stock today. Gareth Soloway InTheMoneyStocks.com