Friday, January 15, 2010

January 15th, 2010

Another earning reports from INTC and JPM. So far the bears won 3 out 3 on the earning reports.
The 3 big earning reports are AA, INTC and JPM.

Next week earnings:
Tuesday:C
Wednesday:BAC, EBAY
Thursday:AXP, GOOG, GS
Friday:GE
Posted by at

11 comments:

  1. BASJanuary 15, 2010 at 11:20 AM

    113.80 was support 3

    acting like resistance now

    probably not for long?? going to bust through?

    ohilsest

    ReplyDelete
  2. gcl106January 15, 2010 at 12:39 PM

    I have been saying that the market will follow GOOG pattern. More and more individual stocks are having a false breakout. Some stocks have changed trend already to downside. I am still expect QQQQ to hit 45 and SPY to hit 112 again. Right now the specialists are taking out the tight stop loss for longs.

    For the future if SPY breaks below 112.00 and QQQQ breaks below 45, the market will change trend to downside.

    ReplyDelete
  3. BASJanuary 15, 2010 at 12:50 PM

    i closed out.

    I was looking for S&P 500 1131 ..

    will reenter and continue to short any rally.
    monday is off.. I feel better here bailing.


    scouski

    ReplyDelete
  4. BASJanuary 15, 2010 at 1:04 PM

    too much support at 1131.

    4 days of lows recently at that area.

    we shall see.

    promed

    ReplyDelete
  5. BASJanuary 15, 2010 at 1:49 PM

    felt the reversal start at 1:28pm

    took some time to get rolling.. 1:45 looks to have confirmed it. or will nothing scare the shorts today?

    close ~113.75?


    trablie

    ReplyDelete
  6. gcl106January 15, 2010 at 1:58 PM

    BAS, the SPY will retest the low again around 113.20 to 113.30 range again before it closes for this week.

    ReplyDelete
  7. BASJanuary 15, 2010 at 2:51 PM

    good call.. was looking for a little more of a pop to get back in.. 113.53 wasn't good enough for me :(

    but will consider reentry on close below 1131 S&P500.

    cadepri

    ReplyDelete
  8. BASJanuary 15, 2010 at 3:05 PM

    the 3:00 pm freight train hit

    bagoredn

    ReplyDelete
  9. gcl106January 15, 2010 at 3:30 PM

    The U.S. Dollars and Natural Gas is about to go up again in next couple days.

    ReplyDelete
  10. gcl106January 15, 2010 at 3:38 PM

    I will make a wild guess of closing today on SPY.
    SPY in a range of 113.50 to 113.55.

    ReplyDelete
  11. gcl106January 15, 2010 at 4:05 PM

    Have a great weekend!

    ReplyDelete

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