DOW

DOW now flat for the year- A year of nothing :)

Year to date

Nasdaq down 2.8% S&P up 2%

Interesting

As most know I am a strong player of trends. Last night was the start of earnings with AA and their earnings disappointed. We are gaping up on the basis that earnings season will be as expected and this is perceived as good. One thing to note eight trading days ago we were trading below 1100 and now we are at 1200 before the open. Lets see how we react for the next two days and see if that run up was a earnings rally and we sell on the news of earnings. Will see soon enough