The Wrap for 10/22/12


The market started off on a good note, then slowly retreated until about 3PM when the tape caught a bid. It looks to me like it was a technical bounce brought on by short term overbought conditions.

AAPL had a nice rebound and that helped the Nasdaq put in a green day.

I’m still not seeing any set ups that I love tonight, but my gut says we are going¬† higher. Let’s see what we do tomorrow and we made add some names.

Much to tune into tonight by way of the Giants-Cards, Bears-Lions and Obama-Romney. This is when picture in picture comes in handy.

See you all tomorrow.


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