Tuesday another red ending making day two for a distribution day across the broader markets. The day was an NR4 (narrowest range of the last 4 days), leaving us very nervous and wound for earnings after the bell. So even though there was selling on heavy volume we didnt act like a run- away train. Intel and Yahoo brought good news and traded up after the bell, but IBM traded down after the bell on earnings. We talked about this in the chatroom, so not a real surprise to us. The market liked the news and is trading higher in the after- hours futures session[...]
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[Source: The Money Blogs]
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