Morning Market Look: Bank America Beats

zappa 300x150 Morning Market Look: Bank America Beats

The market is in takeaway mode, meaning it takes away the profits you had the day before.  Up a hundred down a hundred is the new game until the geniuses in DC figure it out.  This market is “No Country For Old Men”, but day traders are having a blast.

Boehner’s deal blew up, so now its up to Reid and McConnel. No matter how this turns out, we’ll be back in February again anyway.

$BAC beat on their number and the stock is higher.

Twitter ($TWYT) has decided to list o the NYSE.

Rating service Fitch put the U.S. on credit watch yesterday.

It was impressive that momentum names like $LNKD, & $TSLA  stayed glued together yesterday.

Biotech got a little damaged in the sell off and some of those charts need a little work. $BIIB, $GILD and $CELG are my faves.

$NOAH had a beautiful high volume breakout yesterday, so watch that one for continuation in the coming weeks.

Have a good day and come by for a free trial.

 

Joe Donohue

Joe is a full time trader with 25 years experience. He is a senior contributor and investor in Stocktwits and has been seen on CNN Money and quoted in Marketwatch, Forbes, Reuters, NY Times and Wall Street Journal.