Monday, July 13, 2009

There ya go...

The market awakens!

Lo and behold its during earnings season, who knew? GS racking up big gains, as were rest of financials.

We owned MS, so very nice, also BAC and now GE. Key here is what GS does first in terms of the estimates,and secondary as far as the stock action. If GS blows out, which seems likely, and the stock sells off that is a very bad sign. If they blow out and the stock goes up $10+ or even $20+ then thats a sign things are and should get better, at least this week!

Earnings plays are working, folks, keep your eyes and mouth open for clues of what to do and where to go.

In the meantime, I think watching AAPL and RIMM is a good idea for further up moves. AAPL I think reports next week.

It's late, I will try to post tomorrow. I think all eyes are on GS, hail, ice and sleet are wrong. The question is, does it thaw or just plough ahead!


No comments: