Tuesday, February 3, 2009
Markets Move Higher Early Tuesday
Stock indices are moving higher after the first 90 minutes of trading with the SPX +5, Nasdaq +7 and the RUT +1. Oil are gold are up slightly.
ADP and MYGN gapped higher on better than expected earnings. AVP moved higher coming in below expectations.
Earnings BMO - Tuesday, Feb 3
ADM +0.91 beat +0.68
ADP +0.59 beat +0.56
AVP +0.54 below +0.59
CAM +0.75 beat +0.74
CME +3.58 beat +3.46
DOW -0.62 below +0.06
DHI -0.20 beat -0.52
MRO +1.44 beat +0.90
MRK +0.87 beat +0.74
MOT -0.01 below +0.00
MYGN +0.43 beat +0.32
NOC +1.57 beat +1.55
PRGO +0.46 below +0.50
UPS +0.83 below +0.85
Numbers exclude non-recurring items
Tuesday's Early Action
Moving Up: FSLR, MA, POT, STRA, SCHN, CNX, NUE, PNRA, CF, X, DRYS, AEM, MON, BTU, ANR
Moving Down: GS, ZION
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2 comments:
Dave, My trading partner and I are going to be looking at all "blue" stocks (the ones deemed most noteworthy) every day whenever they appear from now. It is a great way to learn as we look at the charts and pick out the ones that fit our rules for possible plays.
Just last week I was thinking it was time for the "one green arrow" strategy (listed under "Learn the Disciple" in Mondays blog) in order to be ready for the next coming phase of the market. I can do it on my own (with smaller shares!) and now be able to compare with some of the ones in this blog. This is a great way to learn details and nuances that can make a big difference in our trading.
Scott,
I like the fact that you are looking for ones that fit your rules...absolutely essential for long term succes.
Thanks for reading and sharing your insights.
DJ
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