Discuss Market Comments 10/13

Rising wedge - Stocks were moved higher yesterday, but the indices had to overcome a very weak open as dip buyers showed up again. The Dow added 10-points on the day, but the broader market faired a little better.

Market Commentary for 10/13/10

Current Daily Market Commentary

 

[Bullitt]

Intel down 2.6% after yet another blow out earnings quarter. Mark it down as another negative divergence along with the financials.

 

[tsptalk]

Typical Intel action - sell the news.

I saw an interesting news headline earlier this afternoon. It said something like, Intel and JPM lead the market higher. Both ended up closing in negative territory.