Friday, October 14, 2011

Nice open...

Surprisingly positive earnings from Google is giving the entire market a lift.

Dow +118
Nas +36
S&P +16 to 1220

1220 on the S&P is that key level that technicians are paying attention to, looking for a breakout in stocks.

Leading the market:

Google +36.24 to 595.40
Apple +8.59 to 417.26
Amazon +5.35 to 241.68
IBM +1.32 to 188.24
Mastercard +7.71 to 343.70

Gold and Silver have been drifting higher even though the market has been moving higher.  This seems to be a disconnect to why Gold and Silver were being bought in the first place...as a defensive move.  Let's see if that relationship changes in the next few days.

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