Interesting Week
Much has happened this week but the topper was the GOOG earnings. That knocked the market but all week there have been little signs of deterioration. A sloppy AD line & breadth are the obvious ones. Leadership has also shifted away from small to large cap as the Dow and S&P 500 both set records.
Fact is, GOOG missing by 3 cents changes little and in fact put most stocks on sale today. There are a number of good names that have come to trend lines and should be considered at this time. Howeve, the best of the best, AAPL, RIMM, PCAR, STRA, PCLN, FCX, & PCU, to name a few, still have set new highs. The stroy for these remain the same until further notice. GOOG likely will rally from here as it is still a strong growth play and a favorite.
Stay tuned...more upside to follow!
Fact is, GOOG missing by 3 cents changes little and in fact put most stocks on sale today. There are a number of good names that have come to trend lines and should be considered at this time. Howeve, the best of the best, AAPL, RIMM, PCAR, STRA, PCLN, FCX, & PCU, to name a few, still have set new highs. The stroy for these remain the same until further notice. GOOG likely will rally from here as it is still a strong growth play and a favorite.
Stay tuned...more upside to follow!
posted by David Geller at 1:29 PM
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