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IBDvalueinvestin (99.66)

Waiting for a Pullback? You may just have gotten it.

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January 14, 2011 – Comments (2) | RELATED TICKERS: AA , INTC , JPM

Yeah yesterday's pullback combined with today's pre-market pullback may not be much but it may well be all that we get before the Sell in May and go away effect later in the year.

Why?

Well for 3 reasons:

Three big market leaders are out already with strong earnings and guidance which shows the USA economy is getting stronger with each passing qtr.

AA, INTC, JPM 

All three are market leaders and sent strong signals of what the smaller companies will be reporting in the next 1-4 weeks.

Based on these three we will be getting some blockbuster numbers ahead with some pretty strong forward guidance.

2 Comments – Post Your Own

#1) On January 14, 2011 at 9:54 AM, TheDumbMoney (58.51) wrote:

And yet, INTC is actually down this morning, after trading up 2% in aftermarket trading last night.  Investors managed to find the half-empty glass based on "only" an 8% rise in PC-related revenues, despite the overall up in the numbers.

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#2) On January 14, 2011 at 1:12 PM, IBDvalueinvestin (99.66) wrote:

The point is not INTC stock price action, its about strong earnings and guidance which shows the USA economy is getting stronger with each passing qtr. Thats why you see the Technology sector on fire today. Look at (TYH) up +0.77 that tells you what the techs think of INTC news today. Major up Green..

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