My Home About Me

The market is higher in early trading, as a string of positive earnings reports have helped push stocks higher.

The 10-year yield is down slightly to 4.81%. Oil is trading higher on a bigger than expected draw in inventories. Semis stocks are leading the way, +2.3%. Homebuilders are also bouncing even though CTX reported soft earnings. It looks like these stocks may have finally bottomed.

In other news and notes:

• Since they cancelled Smith, my new fav show is Friday Night Lights
• AMZN beat estimates; stock gap higher
• Cramer says GOOG goes to $560 (I say higher)
• MNST misses EPS, guides lower
• PFCB beats estimates; stock higher
• IHP beats estimates, raises guidance
• ISE beats estimates; stock at new high
• MICC beats estimates; stock gaps higher
• TROW misses EPS; stock down
• Trump and Wynn get together to build in AC
• NSC crushes the estimates by 20 cents

long GOOG, ISE

options   oil   technicals   stock   investor   charts   Short selling opportunities   Technical chart patterns   support/resistance levels   ETFs (exchange traded funds)   Deron Wagner   Basic Materials sector   IRS denies trader tax status   trader tax status   mark to market accounting   Patience in the markets   Dow Monthly Performance   Dow Performance since 1900   Amateur Investors   Nasdaq Composite chart pattern