Market Perspectives for 18 January 2011
We've got mixed news in the markets today, Goldman beat the street, but their numbers were down overall. Enthusiasm from Europe seems to be wearing out, but I think US investors are still very optimistic about a stateside recovery.
Big movers this morning from my watch list:
TTM up 2.5%
DD up 1.65%
MCD up 1.1% (acting a bit volatile in the early session, sputtering up and down between 101.45 and 101.75), looking for a lead back down to closing levels of about 101
GE up 1% (I'm watching this one closely, as it popped pretty big yesterday morning and slowly but surely fizzled out to a loss on the day, opened this morning at a loss and is slowly recovering, looking for it to hit 19 before the close).
Still bullish on GE! Long term bullish on MCD, but looking for a pullback from 52-week high set today. MCD has been setting 52-week highs pretty regularly for the last few weeks, and they always drop from them, expect this to fall back to 101, if not below.
That is all for now, check in later in the day!