The Wrap 11/11/10

{+++}Despite the dollar’s longest and strongest streak of gains in months, stocks were able to recover from sizable losses to settle with varied gains. The first real dose of data in several days did little to move the market. After the close AAP, CSCO, DRYS were the most notable names that reported after the close.

Five of ten sectors were in positive territory, led by financials (+1.4%), energy (+1.3%) and consumer discretionary (+0.8%).

Tomorrow morning before the open, no economic reports are scheduled to be released.

Tomorrow before the open look for the following companies to report: AH, ADES, ACM, CDCS, CRIC, COWN, CRYP, EJ, FLO, FREE, GSOL, KSS, MAG, MMS, SCR, SPH, ELOS, THI, TSEM, VIA.B, and YTEC.

We had a tough morning as the dollar rallied, but the buyers came out later as the dollar could not hold its gains. The commodity/oil/materials were good dip buys as the dollar reversed.

We had  nice moves today in SOA and NFLX and the remaining longs on our list look good technically. CSCO failed in their earnings release after the close, so we will have to see if their miss will take away the punch bowel in the morning. MEE and UPL traded fairly well today and MOS looks like it was just digesting the breakout from the other day.

Keep your eye on CGNX tomorrow as it traded very well today.

Previous Post
Dollar Bounces, But What If ?
Next Post
New Addition

Recent Articles