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Resilient Market Hangs On Again

|Includes:Microsoft Corporation (MSFT)

from MyHappyTrading.com by Bagger Vance Sign up for FREE membership!

Lots of new picks the last few days and they are working out nicely!  MSFT earnings are out and should give us a nice bagger!  More to come!  Solars should be the next big group to move...we're positioned firmly!  Look to take some profits shortly.

Decent action here but on a bit less turnover.  Earnings are the main focus here and they continue to move the markets.  There is a clear channel for the SPX between 825-875 and until that is broken we have a rangebound market.  That's ok though, as the overbought nature will burn off sooner.  Gold had a decent day along with bonds as the dollar was slammed hard.  Commodities did well especially the coal area.  Tonite's earnings seem to have a positive tone as well.

Hit 'em straight!

Bagger

Stocks: MSFT