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Sunday, July 25, 2010

Becoming Cautiously Optimistic

We are starting to see some good earning reports out of the usual candidates.  ISRG and CMG have both blown away estimates yet again and rallied strongly in the aftermath.  ETFC has finally become profitable. We may see a very strong rally in ETFC in the next few days.  I may jump into that position again.  I say I am cautiously optimistic because the DOW has not yet crossed the 10700 mark.  We should flirt with that level next week and see if the bulls have the stamina to hang on and push thru that level. 

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