Friday, July 24, 2009

Earnings season full blown now

131 more companies report today and these positive kicks have been the meat behind this rally in everything else so that is why we spend so much time talking about it

over 705 positive surprises and after today we will know that trend is going to continue or not
I think the quarter was a rebound for most sectors and ones that is was not it is a hope set up
Even Msft has hope after their first negative report ever-the new OS is getting rave reviews
and people will buy it as it so much cheaper than apple this one is a long term buy the dips for sure but today will not be the day


This will probably be consolidation day off a slightly when all is said and done
I buy oil on this dip if we saty above 66.25 if we crack I will re-evaluate










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