Dow and Nasdaq were marginally up and S&P slightly down in a choppy Monday. With FOMC policy statement up coming on Wed, traders are unwilling to put more money on the line unless there's some exceptional earnings results. This is a week with heavy dose of economic data and earnings, so sit tight!
Tue: Consumer Confidence
Notable earnings: CKFR*, AMLN, MMM, CFC, CYMI*, JNPR, LCC, SNDK, PG, MAN, SIRF*, ITW, WBSN, KYPH*, WYE, CME*, K
Wed: FOMC policy statement
Notable earnings: MO, GOOG*, SBUX, BA, EL, FORM*, LLY, GILD, SLAB*, OXPS, SUN, VRSN, WEBX, TWX, LLL, IR, PHM, SEPR*, EXP, HOLX*, AH*
Thurs: Personal Income, Personal Spending, ISM Index
Notable earnings: AMZN, ILMN*, VLO, ISRG*, MNST, RACK*, BSX, ERTS*, EOG, BUD, MYL, RGLD, YRCW, WCC*
Notable earnings: NYX, OSK*, THQI
*Stocks that tend to have big moves after earnings
-Filtering Wallstreet shows you how to create a filter based on Tweezer Bottom.
-A stock's move is made up of market movement (40%), sector (30%), and finally the fundamentals of the stock/company account about 30%. With that in mind, it is important that we trade with the market trend.
-Nice short squeeze play by Jamie
Lastly, be sure to check out MY DEL.ICIO.US at the left column for more good reads.