DJIM- EPS in full swing
Tuesday, October 17, 2006 at 08:34PM Today's comeback for the indecies was almost as good as Da' Bears one last night... the eco #'s had the market punted away, but again the return team was waiting to run it back...seems Da' Bulls are waiting at every opportunity not to miss more of this ride up. Nice coincidence all these mergers come on what is really day 1 of earnings with so many familiar names kicking it off today...what they trying to say?...Anyways...again, we're expecting volatility day to day with the market at these levels and the effect of earnings weighing on the trend. This is fine as we have gone mostly cash, volatility like today is a good trading environment to use some of it. You don't need to carry too much overnight as you could get a lot done trading intraday without putting yourself at more risk ...a 5 dollar up swing in RIMM, this options bit is a non-event and the most recent selling pressure was due to it. Another $150 tgt posted in premkt, a nice move by DJIM listed AZZ...CETV got the volume and broke out and is just off all time highs. ACOR giveth and taketh...just like earnings season does!...Razor sharp MOT's know that well tonight, be careful out there.
CHARTS UPDATED AT BT CHARTS...