Is NMX a good buy at $85?

In the falling market there are only a few companies I am still looking to buy on a deep: V, MA, NMX & possibly PCLN. Once in a while I am also checking on prices of GOOG, AAPL and CME. UUP, GLD & $VIX.X options seem to be good candidates as well and I have tested the water in each of them already.

V – Visa Inc & MA – MasterCard Inc apparently are not affected by the raising number of defaults, as individual banks bear the credit risk. This is different from American Express and Discover Card, which are taking hit during the credit crisis. MA traded less then $50 only two years ago. Even a few thousand shares would have been an awesome investment, considering that it now trades over $300 per share.

NMX – Nymex Holdings Inc – is an exchange and most of the exchanges performed quite well after the IPO. NMX performance can’t be called spectacular, but its trading over a year had very predictable behavior within price range of $120 – $135. At the beginning of this year, a new support however has emerged – the stock went down to $90 and bounced bunch of times in between $90 – $100.

This morning I saw it at $85 and couldn’t stop myself from getting in. Soon I’ll know if this was right or wrong. So far it looks like I rushed, as the stock went down to $83.34 almost immediately after that. I still feel OK with my position (at least for now), since the new resistance should be somewhere near my entry point, if this was the real break of support. I’ll comment on it more when I see the next few trading days.

GOOG – Google Inc.

AAPL – Apple Inc.

PCLN – Priceline.com Inc.

CME – CME Group Inc.

UUP – PowerShares DB US Dollar Index Bullish Fund.

GLD – SPDR gold shares.

$VIX.X – CBOE volatility index.