Tuesday, July 22, 2008

AAPL, Indices Down in Early Trading

35 minutes into Tuesday's session DJIA -6, SPX -4, Nasdaq -9, RUT +1, USO -$3.70 The indices have rallied in the last 15 minutes from the lows in the first 20 minutes of trading. The big news from last night is AAPL down 14.10 at this moment and AXP -3.85. Other stocks with earnings last night LOGI, SNDK and TXN all down this morning. AMLN and STLD are up. Stocks scheduled for Tuesday BMO earnings release MICC is down 17.50. Also down this morning AKS, HAL, PCP and XTO. Bank related stocks that are down after early earnings KEY, STI and WB. Stocks that are up after their announcement BHI, BIIB, CAT, CME, DD and LMT. RIMM and BIDU which fell in after hours trading along with AAPL are still down this morning, while GOOG which was also down in after-hours is trading up this morning. Dave's Insight: Remember once a company has released earnings the stock becomes a candidate to trade its trend, as long as you follow your trading rules. Tuesday's Early Action: Moving Up: Nothing over $1.00 from our watchlist Moving Down: AAPL, MA, FSLR, BIDU, MEE, PCLN, CNX, POT, ANR, MOS, BTU, X, SCHN, USO, V, CF, AGU, RIMM, DRYS, NUE, IPI, GS, DECK, MER

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