So here’s the setup…The ECB cut rates as expected and the
ADP report was better than expected. Also
the jobless claims number was down and Central Bank of China has cut rates. All the news is positive however the market
can react in very strange ways even with positive news. Since some investors were expecting QE3
(Quantitative Easing) because of the downward situation in Europe they may
think that the Fed (Federal Reserve) will hold off on QE3 because of positive
numbers in jobless claims and the other reports.
Bottom line…wait and see what the market does after the
opening bell
Stocks to watch:
SNE – Big release of Spider Man this week. Target price 15.72 off of technical set up
from the Daily chart
S (Sprint) – The technical setup looks good for Sprint. I see a target price of $3.71 but if it
breaks that level it could go higher
T – Dividend declaration at end of trading day
AAPL – British judge ruled against AAPL in its four patent
infringement claims against HTC, they also are going to release a smaller ipad
No comments:
Post a Comment