Yes...Still Drinking Pepsi too...

Dave will be on the Weekly Wrap with Steve Quirk and Ben Watson at 4:30 ET today! 3:00 ET - ANF, BAM, CTSH and ENB which reported earnings above expectations this morning are all enjoying a nice support bounce today. 2:40 ET - Indices continue to trade in a very narrow trading range and hover near breakeven...The DJIA is -17 points and trading below average volume...the SPX in - 1.80...the SPX is + 3...the RUT is +0.72. The SOX has been stronger all day and is now +4.35 or +2.01%. TXN is having a nice bull flag support bounce today. Our Bull Flag list from last night has the following stocks positive for the day: AAPL, CHKP, DISH, EXPE, GILD, HANS, ILMN, LLTC, MRVL, MXIM, STLD, VRTX, XLNX. The other bull flag stocks from Thursday night's list are near breakeven expcept for CEPH and GOOG which are down just over 1%. 12:10 ET - At mid-day the Nasdaq and RUT are where the opened this morning...the SPX and DJIA are down slightly...the SOX is still up 1.45%. Indices are maintaining their tight trading range heading into the three day President's Day weekend. Bull Flags: CHKP, DISH, GILD, HANS, ILMN, LLTC, MRVL, MXIM, STLD, XLNX are positive...several others including AAPL, SYMC and VRTX are near breakeven. 10:42 ET - RUT +1.25%...Nasdaq +0.61%...NDX +0.47%...SOX +2.30%...SPX +0.35%...DJIA +0.35%...Indices are start to pick up a little upward momentum...still in a tight trading range between today's open and Thursday's high...watch for breakout of Thursday's high... 10:20 ET - Bull Flag patterns with a little bounce in their step this morning: CHKP, EXPE, HANS, ILMN, LLTC, MRVL, MXIM, STLD, SYMC, XLNX...The SOX is up 4.01 or 1.82%...is this a positive clue for the Nasdaq this morning? Stay tuned for some upward movement...notice LLTC, MRVL, MXIM and XLNX semis are among bull flags thar are bouncing in the first 50 minutes... 10:13 ET - 43 minutes into Friday's trading session the SPX, Nasdaq and RUT are just above the level at which they opened and the DJIA is 6 points below its opening level. Tight trading range in the early going before the three day President's Day weekend. BMO - Here we are on Friday the 13th, the economy is...yes, believe or not...still tough but based on this morning's earnings report, people are still buying lots of Pepsi...Check out PEP below...I guess this week should have been called Soda Week...Apparently they are drinking those Pepsis in their ANF while staying at the WYN. Just before the open SPX futures are down about 5 points from Thursday's close so we may see a slightly lower open, which could then head in either direction... Stay tuned for an interesting trading day. We will be posting throughout the morning... Friday, Feb 13 BMO – ANF +1.10 beat +1.00 ALE +0.78 below +0.81 BAM +0.27 beat +0.16 CTSH +0.41 beat +0.38 ENB +0.55 beat +0.48 PEP +0.88 inline +0.88 WYN +0.47 beat +0.40 Numbers exclude non-recurring items