A few early notes!
We told you two things recently…that a low was put in on last Wednesday’s washout (for now…and in a bear market) but expected things to be jagged. The past four days of the Dow were +210, -208, +292 and -222…and now we walk into another gap to the upside. Yesterday, Apple affected things negatively. Today, Facebook affects things positively. Yesterday, Amazon and Google were yonked for $20, today they gap up over $20 in sympathy with Facebook.
Having fun yet! Amazon,Google, Microsoft still to report and thankfully, the Fed is out of the way…until next time!