ALERT MWD, LEH, BSC (earning out Tuesday but was a precursor of things to come) and GS. As expected these did very well after earnings and its leading up the financials, builders and banking stocks and perhaps is somewhat indirectly responsible with ORCL with the nasdaq rally as well. For 6 years I have never held a brokerage stock short through a report! They always move up after a breakdown of support.
CCMP.. looks like today's chart of the day. Luv to luv 'ya baby. Probably should have shorted that rally, but with such a morning move up, I'd rather chase one trend especially towards the 2:00 to 2:30 period volume should increase after the doldrums. It doesn't really pay to short until market direction is clearer unless you get a really good set up like IBM. Below 48.95 we might have a short set up on CCMP and closer to 2:00 we should get even more volume. Conservative players might want to wait until 2:00. I would not be long technology into 2:00 reversal period. the morning move was enough lasted quite nicely