Lots of good things happening around the markets today. Very bullish day all around not to mention IBM!! IBM’s Q1 earnings jump 26 pct, company increases outlook - this should lift the markets into a spectacular day tomorrow!
Wall Street Journal: IBM Bucks Slowdown, But We’re Not Out of the Woods Yet
Seeking Alpha: Is It Really a Tech Tell?
Seeking Alpha: Big Blue Delivers Big Profits

AAPL $160 breakout

BIDU shorts have been and continue to be toast

IBM great numbers out after the close and unlike CROX they actually increased their outlook

MA - we’ll see if it can bring V with it, again I’m not buying V until it breaks $70, then its a sure break towards $100 since its a physiological target

ICE on the verge of breakout, another great set up here, this can easily squeeze towards $165

Trade Ideas for tomorrow?

GRMN has it sank enough yet? $43, if the market is strong tomorrow this could move towards $45, I’d expect a small bounce before it hits more lows. In fact I believe $42s will be the lowest this goes for the next month

GNVC - This one finally peaked as expected - didn’t quite make it to $2.50 but surely lost it from there, should test $2.00 before testing $2.50 again - in fact it should test around the $1.80 mark.

Tags: AAPL, BIDU, Breakouts, GNVC, GRMN, IBM, ICE, MA, NASDAQ

This entry was posted on Wednesday, April 16th, 2008 at 11:38 pm and is filed under NASDAQ, Plays, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.