Tonight's to the point speed summary comes from IBD, "Better-than-expected economic reports at home and China, along with successful debt auctions in Europe, lifted stocks Tuesday. But they ended off the best levels of the session. The Nasdaq gained 0.6% and the S&P 500 rose 0.4%. They had been up as much as 1.2% and 1.1%, respectively."
Some noteable earnings due out tomorrow include Charles Schwab (SCHW), eBay (EBAY), F5 Networks (FFIV), Fastenal (FAST), Goldman Sachs (GS), State Street (STT) and Xilinx (XLNX).
Interesting Reads:
- The big mack index (huge graphic)
- Jerry Yang resigns (Bloomberg)
- Law makers proposed $1 Trillion in new spending last year despite the growing deficit (IBD)
Stay frosty out there!
I like your rising channel on the Nasdaq Blain and hadn't noticed that before so thanks! I think we are really at the top half of this trend/move. I like to look at the CCI index which this week has continued to fall even though we have made consecutive highs (divergence?).
Thanks, and yes perhaps! A great site if you like analyzing and correlating data to the overall market is sentimentrader.com. Highly recommend it. He analyzes EVERYTHING. Stay frosty (sharp) out there and thanks for reading!
Oh yeah love his overlapping charts. Recent put/call ratio one is really good to look at as an options guy
I like that one as well, good call!