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Earning Reports: INTC, YHOO, LLTC, IBM, JNJ, WM
Market reactions to the earning reports? Which way would you position if you would choose? Up or Down?
IBM, LLTC, JNJ, WM
Market traded to the resistances which I commented going into "CPI" number and major earning news tomorrow - e.g. INTC, YHOO, LLTC, IBM, JNJ, WM, WFC, AMTD, and other. The resistances which noted earlier remained as HOD except $RUT making new high to 831.49 going into close joining other major indices.
With Citi good earning report and Sallie Mae buyout, markets started off with positive momentum. AMZN, GOOG, and AAPL strong performances added additional momentum to upside.
Breakout: SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 831.49, and NYA to new high to 9624.99.
re V.T.
~~~
Market breakouts and SPX 10yr TL Resistance
As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.
SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
http://www.traders-talk.com/mb2/index.php?showtopic=69092
Market volume is moderate even though it is not high level, showing a bit better volume, at the moment, than the ones during the last week average trading volume. Whether we will see higher volume into close as traders are buying or selling into close is a question; but even if major markets are breaking about, I doubt that traders will be heavily buying into close ahead of CPI number.
P/C ratio is not showing any abnormal activity.
WB, Markets are breaking out but SPX is trading near at 10yr Resistance. before the CPI number.
In addition, Qs max pain number is 44 as of fri close.
AKAM is trading above 50m resistance, showing a strong gain today.
SOHU - your good call, trading up 2.05% today.
Good trades
Posted by: __1Best__
In reply to: None
Date:4/16/2007 12:37:36 PM
Post #of 305
Market breakouts and SPX 10yr TL Resistance
As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.
SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
http://www.investorshub.com/boards/read_msg.asp?message_id=18815948
Market breakouts and SPX 10yr TL Resistance
As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.
SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
http://www.traders-talk.com/mb2/index.php?showtopic=69092
Market volume is moderate even though it is not high level, showing a bit better volume, at the moment, than the ones during the last week average trading volume. Whether we will see higher volume into close as traders are buying or selling into close is a question; but even if major markets are breaking about, I doubt that traders will be heavily buying into close ahead of CPI number.
P/C ratio is not showing any abnormal activity.
SPX breakout to 1468.12, Mid cap breakout to 877.08, OEX breakout to 672.46, $RUT 830 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
VG, have a great day and good trades
JT, WM is trading up 40.36, 2.36% today, good call on this one.
AMZN is running up 2.32, 5.49% with the upgrade, but it is leaving YHOO betting on GOOG double-click bet. Maybe Icahn having AMZN, I think, has something to do with it since it has high PE.
AMD is again a underdog, unfortunately - under INTC. When it will rocket up!?
Market Volume is a bit better than the volumes during the last few trading days.
http://www.investorshub.com/boards/read_msg.asp?message_id=18807564
VG, Thanks for your comments on different stocks with good setups.
ESLR has a good run to a measured target today, so it is up to you managing the holding into earning. Yes, "Cross Junction" as you put it.
As for Qs gap resistance, SPX is breaking out, so would be cautious about the resistance since price actions are bullish.
I commented on "Breakout"... not to bet on "failure of breakout" without seeing a sign of it.
Market is not a piece of cake as we were in 2003 when all boats were rising.
Nice comments on different stocks, but we need to get familiar with your style.
If you would like you could send me an email. Have 15 posts per day so it's better for me to be efficient with postings.
Good trades
SPX break out to 1464 +
Markets traded to targets after the open.
Qs to 45 R
Nasdaq above 2500 R to 2511.80
As commented, we are at the resistances with "CPI" number tomorrow, so, I am cautious since we also have Qs max pain number at 44 for the OE.
I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.
http://www.investorshub.com/boards/read_msg.asp?message_id=18789428
Qs trading above 44.75 which I noted as resistance in premarket, at 44.85 which is R1.
Resistance 45 +/- near R2.
We have "CPI" tomorrow.
This week has a minor turn date as you also noted.
Good trades
~~~
I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.
http://www.investorshub.com/boards/read_msg.asp?message_id=18789428
Posted by: __1Best__
In reply to: None
Date:4/15/2007 1:43:25 PM
Post #of 296
Market money flow shows positive divergences with higher/high price actions.
SPX traded higher/ high to 1453.11, breaking above the recent trading range, 1448.73, 4/10 and above rising wedge formation on VST 4wk price actions with the 1429.22 low on 3/30.
DOW traded higher/high to 12615.38 breaking above 12593.60 with the 12242.60 low on 3/30. Nasdaq traded higher/high to 2491.94 near to 2500 resistance. OEX also traded above the recent up trend line making new high to 665.57.NYA traded higher/high to 9522.38 at all time high breaking out of the 2/20 high of 9458.47; as commented before, NYA is leading other major markets.
However, Qs traded to 44.72 which is below the resistance of 44.75 on 4/9 showing slightly weaker price actions that other major markets and indices due to AAPL trading down for the day.
For SPX, Dow and OEX, Money flow on daily shows positive divergence breaking above the Feb 07 high. This can also be seen through MACD actions showing positive divergence comparing to the Feb 07 price actions. Therefore, internal price action continued to show positive price action confirming the anticipation of higher price actions breaking above the Feb 2007 high progressively confirming the “Breakout Retest” scenario which I commented since the March double bottom.
Market breadth is continuing to improve even though it is not as strong sending mixed signals with negative divergences; however, as noted before, we will see narrowing breadth at this stage of market and economic cycles. For example, $NASI daily is continuing to improve after reversing from the breakout support, as noted a couple of weeks ago, which is confirming the “Breakout Support” market action which I commented. Based on the $NASI internal strength as we can see on MACD staying above the zero, with the continued strength staying above the zeroline, Nasdaq internal is positive confirming the price action even if it is not as strong as the one which we have seen during 2003.
Market volume during the last week was relatively moderate going into earning season. I am anticipating higher volume tradings during the earning season and going into OE week. Major market ETFs shorting activities shown on volume is not significant.
VIX is closed below the recent support and weekly continues to trend lower while VXN is trading above the relative VIX support. TRIN and TRINQ closed in mid range which is favorable to vst outlook.
DELL, as one of stronger performed stocks, is continuing to trade up after breaking above the down trend line as alerted on 4/6. With new management by Mr. Dell, market is positive on the change. HPQ is forming triangle on intraday 60m.AAPL closed at supports, 8mo, Jul 2006 up trend support and 3.5 mo, Nov 2006 down trend breakout support.
I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.
When will AMD rocket up? Restructuring & new opteron-power is not yet doing a whole lot of go-go.
http://www.investorshub.com/boards/read_msg.asp?message_id=18752530
DELL & AMD: DELL break out as alerted in the morning showing positive actions.
DELL is using AMD chips
http://www.vnunet.com/vnunet/news/2187645/dell-ups-bet-amd
Dell ups its bet on AMD
Company rolls out latest line of Opteron-powered servers
Shaun Nichols in California, vnunet.com 12 Apr 2007
Dell is preparing to boost its adoption of AMD processors with the introduction of two new low-energy servers.
The two models will be named the PowerEdge 2970 and the PowerEdge Energy Smart 2970. Both will use dual-core Opteron chips and will be designed to work with AMD's forthcoming "Barcelona" line of quad-core processors, scheduled to debut later this year.
The rack-mount servers will contain a pair of Opteron processors at speeds up to 3Ghz, along with a maximum capacity of 32GB of RAM and over 1.1TB of hard drive storage. The servers will support Windows Server 2003, Red Hat and SUSE Linux.
YHOO, AMZN and EBAY: premarket
AMZN is trading near at the breakout resistance 43.26, Nov 06 top.
EBAY is building on breakout momentum as alerted the breakout from quad. top formation.
YHOO is forming a symmetrical triangle trading bouncing off from lower TL support.
Noted potential breakout alert.
WB, good morning, AMGN is upgraded.
Thanks and Good trades
~~~
AMGN traded to targeted 55 from the double top formation after breaking symmetrical triangle lower trendline support.
It is certainly bounced off from the 55 +/- support and is building base. 62 +/- Resistance
AMGN is upgraded.
AMGN traded to targeted 55 from the double top formation after breaking symmetrical triangle lower trendline support.
It is certainly bounced off from the 55 +/- support and is building base. 62 +/- Resistance
Futures & SSEC-$KOSPI are strong:
Futures are + 4.25 and + 5.75 at the moment.
Asian bull markets are continuing to trade higher after the breakout. $SSEC traded to 3597.22 and $KOSPI to 1533.09 making new highs.
I commented on $SSEC that upside momentum will likely at 3500 resistance.
Good trades
Starry Night, JB?
These two stocks have interesting set ups.
TRE, resistance 5.73/6.40 TRE has interesting setup and would like to see it trading above 6.40 +/-.
FDG, resistance 24.15 FDG has symmetrical triangle formation with weekly trading range after bouncing up from 61.80% retracement.
Just need to be careful during earning season.
Thanks for bringing those up and will keep our eyes on those.
Good trades
Qs Caveat & DELL, as one of stronger performed stocks, is continuing to trade up after breaking above the down trend line as alerted on 4/6. With new management by Mr. Dell, market is positive on the change. HPQ is forming triangle on intraday 60m.
Caveat: QQQQ max pain 44 for the OE WEEK.
qqqq - May07
Expires: May , 2007
32.000 738597700
33.000 669992500
34.000 602399800
35.000 535770500
36.000 469990500
37.000 404855200
38.000 340681200
39.000 281172200
40.000 224785200
41.000 172628900
42.000 126023300
43.000 96625200
44.000 93865800 -Maximum-Pain Theory Value
45.000 113420400
46.000 148908000
47.000 191677900
48.000 236218000
49.000 281194200
50.000 327037600
51.000 372913400
52.000 418793100
53.000 464726300
54.000 510659600
AAPL closed at supports, 8mo, Jul 2006 up trend support and 3.5 mo, Nov 2006 down trend breakout support.
AMGN traded to targeted 55 from the double top formation after breaking symmetrical triangle lower trendline support. It bounced off from the 55 +/- support and is building base. 62 +/- Resistance
Thanks, I don't expect any unusual price pattern or volatility during the OE week except that we are in earning season so we will see volatility on individual stocks.
http://www.investorshub.com/boards/read_msg.asp?message_id=18789137
OE Week Price Actions:
I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.
------
Market money flow shows positive divergences with higher/high price actions.
SPX traded higher/ high to 1453.11, breaking above the recent trading range, 1448.73, 4/10 and above rising wedge formation on VST 4wk price actions with the 1429.22 low on 3/30.
DOW traded higher/high to 12615.38 breaking above 12593.60 with the 12242.60 low on 3/30. Nasdaq traded higher/high to 2491.94 near to 2500 resistance. OEX also traded above the recent up trend line making new high to 665.57.NYA traded higher/high to 9522.38 at all time high breaking out of the 2/20 high of 9458.47; as commented before, NYA is leading other major markets.
However, Qs traded to 44.72 which is below the resistance of 44.75 on 4/9 showing slightly weaker price actions that other major markets and indices due to AAPL trading down for the day.
For SPX, Dow and OEX, Money flow on daily shows positive divergence breaking above the Feb 07 high. This can also be seen through MACD actions showing positive divergence comparing to the Feb 07 price actions. Therefore, internal price action continued to show positive price action confirming the anticipation of higher price actions breaking above the Feb 2007 high progressively confirming the “Breakout Retest” scenario which I commented since the March double bottom.
Market breadth is continuing to improve even though it is not as strong sending mixed signals with negative divergences; however, as noted before, we will see narrowing breadth at this stage of market and economic cycles. For example, $NASI daily is continuing to improve after reversing from the breakout support, as noted a couple of weeks ago, which is confirming the “Breakout Support” market action which I commented. Based on the $NASI internal strength as we can see on MACD staying above the zero, with the continued strength staying above the zeroline, Nasdaq internal is positive confirming the price action even if it is not as strong as the one which we have seen during 2003.
Market volume during the last week was relatively moderate going into earning season. I am anticipating higher volume tradings during the earning season and going into OE week. Major market ETFs shorting activities shown on volume is not significant.
VIX is closed below the recent support and weekly continues to trend lower while VXN is trading above the relative VIX support. TRIN and TRINQ closed in mid range which is favorable to vst outlook.
DELL, as one of stronger performed stocks, is continuing to trade up after breaking above the down trend line as alerted on 4/6. With new management by Mr. Dell, market is positive on the change. HPQ is forming triangle on intraday 60m.AAPL closed at supports, 8mo, Jul 2006 up trend support and 3.5 mo, Nov 2006 down trend breakout support.
In summary, I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout. I will reassess market strength during the OE week.
Market money flow shows positive divergences with higher/high price actions.
SPX traded higher/ high to 1453.11, breaking above the recent trading range, 1448.73, 4/10 and above rising wedge formation on VST 4wk price actions with the 1429.22 low on 3/30.
DOW traded higher/high to 12615.38 breaking above 12593.60 with the 12242.60 low on 3/30. Nasdaq traded higher/high to 2491.94 near to 2500 resistance. OEX also traded above the recent up trend line making new high to 665.57.NYA traded higher/high to 9522.38 at all time high breaking out of the 2/20 high of 9458.47; as commented before, NYA is leading other major markets.
However, Qs traded to 44.72 which is below the resistance of 44.75 on 4/9 showing slightly weaker price actions that other major markets and indices due to AAPL trading down for the day.
For SPX, Dow and OEX, Money flow on daily shows positive divergence breaking above the Feb 07 high. This can also be seen through MACD actions showing positive divergence comparing to the Feb 07 price actions. Therefore, internal price action continued to show positive price action confirming the anticipation of higher price actions breaking above the Feb 2007 high progressively confirming the “Breakout Retest” scenario which I commented since the March double bottom.
Market breadth is continuing to improve even though it is not as strong sending mixed signals with negative divergences; however, as noted before, we will see narrowing breadth at this stage of market and economic cycles. For example, $NASI daily is continuing to improve after reversing from the breakout support, as noted a couple of weeks ago, which is confirming the “Breakout Support” market action which I commented. Based on the $NASI internal strength as we can see on MACD staying above the zero, with the continued strength staying above the zeroline, Nasdaq internal is positive confirming the price action even if it is not as strong as the one which we have seen during 2003.
Market volume during the last week was relatively moderate going into earning season. I am anticipating higher volume tradings during the earning season and going into OE week. Major market ETFs shorting activities shown on volume is not significant.
VIX is closed below the recent support and weekly continues to trend lower while VXN is trading above the relative VIX support. TRIN and TRINQ closed in mid range which is favorable to vst outlook.
DELL, as one of stronger performed stocks, is continuing to trade up after breaking above the down trend line as alerted on 4/6. With new management by Mr. Dell, market is positive on the change. HPQ is forming triangle on intraday 60m.AAPL closed at supports, 8mo, Jul 2006 up trend support and 3.5 mo, Nov 2006 down trend breakout support.
I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.
LONG-SHORT major market ETFs
QQQQ & SSO Long 2x
DOW & MID Cap LONG 2x
SP500 & Russell 200 Long
QQQQ & SP500 Short 1x
DOW & Mid Cap Short 1x
QQQQ & SP500 Short 2x
DOW & Mid Cap Short 2x
SP500 & Russell2000 Short
Market volume during the last week was relatively moderate going into earning season. I am anticipating higher volume tradings during the earning season and going into OE week.
VIX is closed below the recent support and weekly continues to trend lower while VXN is trading above the relative VIX support. TRIN and TRINQ closed in mid range which is favorable to vst outlook.
Bank stocks report during the next week, I think. WM is trading at critical support so the earning report will impact the direction. Good luck with WM.
Similar as WM, Mot is showing bearish falling wedge formation on weekly. Will see after the earning report.
Hope you had nice weekend.
Good trading to you as well.
CSCO spike: noticed CSCO when it spiked on Friday afternoon.
re CSCO
Stock Market Update - Fri Apr 13 15:00:01 EDT 2007
Fri Apr 13, 2007 3:00PM EDT
[BRIEFING.COM] The indices have spiked to their best levels of the day within the last 15 minutes. The return of upside leadership from a turnaround in the Tech sector is spearheading the market's advance.
After trading down as much as 1.2% in early trading, Cisco Systems (CSCO 26.87 +0.90) recently spiking more than 3.0% after development chief Giancarlo said the company has seen "very strong demand" and is in the early phases of an upgrade cycle has given the market its biggest boost. A handful of tech warnings have placed the sector's growth prospects under scrutiny of late. Technology has bounced 1.1% from its intraday lows.
MOT is in a trading range with a big falling wedge formation. Resistance at 18.50 and it reports on Wed, Apr 18.
PALM is a good buy-out candidate as the article noted.
Also, MOT is good to put on radar since Icahn is working on the company as well as it is a good company.
I am in the process of relocating and settling during Apr-May, so I would not be able to spend as much as time I would like to, so I hope that you keep your eyes on things.
Thanks and Best of luck...
Enjoy the weekend
~~~
MOT is not doing much lately as we can see it is staying in a trading range, but it will move big after consolidation.
MOT is in a trading range with a big falling wedge formation. Resistance at 18.50 and it reports on Wed, Apr 18.
AMGN traded to targeted 55 from the double top formation after breaking symmetrical triangle lower trendline support.
It is certainly bounced off from the 55 +/- support and is building base. 62 +/- Resistance
PALM & DELL: Will Dell buy Palm and start selling smartphones
Posted in Mobile Phones by Patrick Altoft on 14 Apr 2007
File this in the "rumours" section for now but according to some reports Dell might be about to buy Palm to kickstart a move into the smartphone market.
Dell is stopping selling its Axim range of PDA's and analysts are convinced that the PDA is dead and that the smartphone is taking its place.
http://www.mad4mobilephones.com/news/778/
The decision by Dell to discontinue the Axim line is a good example of the demise of the personal digital assistant, or PDA, an analyst at J. Gold Associates, Jack Gold, said.
"The PDA is dead. Long live the smart phone," he said.
The Axim decision has been predicted for some time, Gold said, and Dell was likely to introduce a smart phone later this year. It might also purchase Palm to make it happen.
Palm itself sold PDAs, but they were a minority of Palm's sales, Gold said.
HP's iPaq PDA has become a smart phone as well, he noted.
"Dell has the money to buy Palm, and it's clear now that Motorola is not buying Palm," Gold said.
Dell could build a smart phone or buy an established player. Palm already has a line of four smart phones that are built on both the Windows Mobile and Palm operating systems.
WB, A rumor on Dell and Palm as shown below.
PALM & DELL: Will Dell buy Palm and start selling smartphones
Posted in Mobile Phones by Patrick Altoft on 14 Apr 2007
File this in the "rumours" section for now but according to some reports Dell might be about to buy Palm to kickstart a move into the smartphone market.
Dell is stopping selling its Axim range of PDA's and analysts are convinced that the PDA is dead and that the smartphone is taking its place.
http://www.mad4mobilephones.com/news/778/
The decision by Dell to discontinue the Axim line is a good example of the demise of the personal digital assistant, or PDA, an analyst at J. Gold Associates, Jack Gold, said.
"The PDA is dead. Long live the smart phone," he said.
The Axim decision has been predicted for some time, Gold said, and Dell was likely to introduce a smart phone later this year. It might also purchase Palm to make it happen.
Palm itself sold PDAs, but they were a minority of Palm's sales, Gold said.
HP's iPaq PDA has become a smart phone as well, he noted.
"Dell has the money to buy Palm, and it's clear now that Motorola is not buying Palm," Gold said.
Dell could build a smart phone or buy an established player. Palm already has a line of four smart phones that are built on both the Windows Mobile and Palm operating systems.
$SOX & SMH 7yr Trandline and 7mo Trading Range:
re CSCO
Stock Market Update - Fri Apr 13 15:00:01 EDT 2007
Fri Apr 13, 2007 3:00PM EDT
[BRIEFING.COM] The indices have spiked to their best levels of the day within the last 15 minutes. The return of upside leadership from a turnaround in the Tech sector is spearheading the market's advance.
After trading down as much as 1.2% in early trading, Cisco Systems (CSCO 26.87 +0.90) recently spiking more than 3.0% after development chief Giancarlo said the company has seen "very strong demand" and is in the early phases of an upgrade cycle has given the market its biggest boost. A handful of tech warnings have placed the sector's growth prospects under scrutiny of late. Technology has bounced 1.1% from its intraday lows.
Good to be safe during the earning report season. Market will be volatile, especially for individual stocks, so it is better to trade before and after earning reports for individual stocks.
Nice gain from BRL today, Congrat! Dell did well too.
Have a nice weekend, ALL
luv, markets are breaking out even if we know bearish factors as we noted before. We should not fight the Fed because it will only hurt us since we are not bigger than the Fed or the big banks.
I decided to focus on the technical reading as much as I can unless I feel that I really need to speak out on certain fundamental factors. All bad news are already out and market is dealing with the bad news, so I am following the technical readings and tapes.
Market signaled what it wanted to do and I communicated it to rainbow at the bottom of March 05. He will remember what I told him that the sharp sell-off was a gift to bears. I know that it does not make sense, but that's what I sensed and I clearly told rainbow123. I know it is hard to change bearish bias if one is obsessed with it, but I decided to follow tapes. You know that I was bearish until I saw the light, the message what market was planning to do - to go up.
The Fed:
We have choices to follow what we think what market is saying or to go against it. I heard the message of market and I decided to follow it when I called reversal call since the double bottom. This is because I allow myself that market knows better than I am. The Fed knows something that I don't know. The Fed and Market is wiser than I am. I could be wrong since I have only a portion of the entire system; so, I decided to follow what Market was signaling me.
At this point, I don't know whether I want to fight the Fed. There are many reasons that the Fed does what it does. We think that the Fed wants to make rich to be richer, but there must be other factors which we are not aware of. Beside, I don't think that it is a good idea to fight the TAPE.
These are the reasons for which I was bullish lately, OR, let's say that I was reading the market actions without bearish bias. I know that you and others are continuing to mention "M3" etc. and I know it, but again I decided to go with the Tape and technical readings. I decided to accept market is wiser than I am and if I choose not to listen to market, then, I would be losing. So, as you say, the bottom line, let's go with technical reading as much as we can and keep the fundamentals minimal as much as we can since price dictates market actions in ST.
For rising wedges, you could say that it is rising wedge in vst 60m, however, markets are breaking out.
It took 3.5 months to trade up, but in a couple of weeks in Feb-Mar, it took out 3.5 months rally. Since the double bottom 3/5 & 3/14, market was rebuilding 3.5 months work.
Having said that, markets closed at resistances or have broken out, so, I will be cautious during the OE week. Since SPX is less than 10 points away from the Feb high, 1461, I believe that market will test the 1461 during the next week.
Furthermore, I will be careful with picking the top as if we have sure "double top" since making new highs above SPX 1461 is not out of question as we can see that NYA is breaking out.
You know that I was bearish, but now market is doing what it wants to do and if we choose not to accept it, we will be on the wrong side. Beside, market is dealing with the problem; so, I have no problem with market is doing what it is doing. Also, fighting the Fed or fighting the tape with partially informed fundamentals often leads to a big waste of time and energy; so, it is better to avoid it as much as I can. It is much easier to follow Tapes and technicals as well.
Well, I will post my comments tomorrow.
Have a great weekend, my friend!
iluvcsco, great to see you, welcome aboard.
Have you checked CSCO action right after you came on board? It seems like CSCO is happy to see you as well.
What is ahimsa? 8^)
I will reply in detail after close.
DELL & AMD: DELL break out as alerted in the morning showing positive actions.
DELL is using AMD chips
http://www.vnunet.com/vnunet/news/2187645/dell-ups-bet-amd
Dell ups its bet on AMD
Company rolls out latest line of Opteron-powered servers
Shaun Nichols in California, vnunet.com 12 Apr 2007
Dell is preparing to boost its adoption of AMD processors with the introduction of two new low-energy servers.
The two models will be named the PowerEdge 2970 and the PowerEdge Energy Smart 2970. Both will use dual-core Opteron chips and will be designed to work with AMD's forthcoming "Barcelona" line of quad-core processors, scheduled to debut later this year.
The rack-mount servers will contain a pair of Opteron processors at speeds up to 3Ghz, along with a maximum capacity of 32GB of RAM and over 1.1TB of hard drive storage. The servers will support Windows Server 2003, Red Hat and SUSE Linux.
http://www.investorshub.com/boards/read_msg.asp?message_id=18737910
http://www.investorshub.com/boards/read_msg.asp?message_id=18710437
AMGN is bouncing off from support as we have strong breakout on $BTK and $DRG outstanding performance with MRK today.
After breaking sym triangle support, it sharply traded down.
Have a great weekend
SPX 1450.44 higher/high on the recent price actions.
GE earning and MRK earning guidance are helping DOW.
CLOSE is important. Markets are consolidating so far, not as positive as I like to see, but let's see whether it can show positive actions into close.
YHOO reports on Tuesday 4/17 and we have mixed views on the earning report; however, analysts are somewhat positive on guidance, expecting it to guide positive.
I think that market is reducing risk going into earning report before it breaks out, but ultimately we will see directional confirmation when it reports on Tuesday in AH.
$BTK broke above resistance and $DRG is trading at resistance.
Alerted MRK by one of friendly posters which I posted it on this board a week or so ago.
Drug sector is flying today.