GOOG, BIDU Jump Big in After Market Trading, Financial Stocks Rise

DJIA + 1.22, +0.01% SP500 + 0.85, +0.06% NASDAQ Comp. - 8.28, -0.35% Russell 2000 - 5.39, -0.76% Oil 114.86, -0.07 Broad indices were basically flat on Thursday. Key short term support is the mid-section of Wednesday’s large white candle. Key resistance is as we posted yesterday. Many stocks that had a strong price rise during the last few days like MON, MOS and POT pulled back today. Financial stocks were stronger. The Securities Broker/Dealer index ($XBD) rose 2.4%. Friday look for earnings before market opens on CAT, C, HON, SLB GOOG rose $76 to 525 in after market trading. The Apr 450 straddle was priced at $30.35 near the close. If GOOG trades in the morning at this price level, the Apr 450 call should have a price around $75! BIDU rose $22 or 7% in after market trading and reports earnings on April 24. Today’s Action Pulling Back AGU, BIDU, CF, EBAY, FSLR, JASO, MEE, MON, MOS, POT, MTL, SCHN, AMZN, PCLN, CSX, DE, ELN, SNDK, JCI, GILD Moving Higher CLF, IBM Breakouts DECK Moving Lower on Earnings Today UTX Moving Higher on Earnings After Market GOOG, SNDK, Moving Lower on Earnings After Market ISRG Brokerage stocks GS, LEH, MER, MS moved higher today, rising 1.8% to 4% plus. As we mentioned yesterday each of these stocks are a showing potential trend reversal patterns from down to up. Intermediate Term Market Trend: Neutral Short Term Market Trend: Up