Tuesday, October 20, 2009

Today's market thoughts string - read the comments

I post my thoughts in the comments section
Posted by The Honest Trader at 8:23 AM

7 comments:

  1. The Honest TraderOctober 20, 2009 at 8:28 AM

    housing data coming here in 2 mins... S&P 500 surprisingly only a tad up despite all the good earnings today.

    have we reached exhaustion?

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  2. The Honest TraderOctober 20, 2009 at 8:32 AM

    bad housing data - bulls will probably brush it off but it is another bad data point

    ReplyDelete
  3. The Honest TraderOctober 20, 2009 at 8:58 AM

    that said, all companies are beating earnings estimates

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  4. The Honest TraderOctober 20, 2009 at 2:13 PM

    more volume than yesterday which shows signs of distribution... but will the bulls mount a last hour rally to save the day?

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  5. The Honest TraderOctober 20, 2009 at 2:51 PM

    new bill proposing limiting overdraft fees for banks. this may sound immaterial but will hit non-interest income quite hard if passed. as with all news this won't matter to the market until it does...

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  6. The Honest TraderOctober 20, 2009 at 2:54 PM

    earnings galore today and tomorrow but one note is none are as big as the ones we have recently had. why do i point this out? because shorts may be more likely to hang around / get aggressive into these earnings instead of being frightened away by the market moving companies...like aapl, gs, intc, jpm, goog...

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  7. The Honest TraderOctober 20, 2009 at 4:23 PM

    well the longs squeezed it a little at the end of the day but it looks like they had to work much harder than what they have over the last few weeks...

    ReplyDelete

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