Thursday, July 16, 2009

PRE market round up. JPMorgan beats, Marriot profit slides

By Sell Puts 7/16/2009 07:53:00 AM

Yesterday was quite the push up, on low volume and much manipulation. Though you cant fight the tape no matter how much the move goes against your views on market direction. The VIX was actually up on yesterday, im guessing this was trading taking out protection on the SPY. This can be construed and bullish, but my gut tells me some more news is gonna out on Friday.






As for whats on the plate today here is a few news items which will affect the tape today.
CIT groups talks with the treasury fall apart (im glad)


Marriott's profit slides (further signs of weakening middle class spending)


JP Morgan beats estimates


Nokia profit drops 66%


Harley-Davidson profit slips even further

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