Thursday, July 17, 2008
Oil Continues Selloff, Stocks Continue Support Bounce
Oil is 129.50 down $5.10. Stocks are up...DJIA is 170+, SPX 11+, Nasdaq 26+, RUT 6+, SOX 8+.
Financials are strong again on Thursday, XLF +6%, FNM +21%, FRE +22% GS +5%, MER+10%.
JP Morgan reported better than expected earnings to day and the stokc is over 10%.
Earnings after the close to watch: AMD, COF, GILD, GOOG, IBM, MER, MSFT, PMCS, SYK, ZION
Check out our C - Pattern Setups from last night: ADBE, FAST, GWW, BRE, EGLE JBHT CCK, IT, NSC
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1 comment:
C pattern? Are we going to be going over the ABC patterns in AdvTech class tonight? Are there any printouts available on Community trading tabs?
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