Back to reality?
Back to reality?
2 days of a bounce … that seems to be everything, one can ask for …
After the close market was reminded that …
- Financials are still not over it … Merill numbers were BAD … today we await Citibank …
- Even Techs can miss again … Dollar weakness alone does not let earnings grow 
Microsoft and Google showed it
- Be aware … even an BETTER outlook by IBM did not let the stock rise … all “weak” shorts covered?
So today … some important earnings … and EXPIRATION … note, that last two of them dragged markets lower …
My strategy … small short … let’s see how far it goes … BUT … I expect at LEAST a 2nd bounce … which I would like to play.
Tags: expiration, financials, Google, IBM, Merill Lynch, Microsoft
