Wednesday, July 16, 2008

Stout Stock Rally Into Close

Wow! What a great rally for stocks today, closing near the session highs. The Dow was up 276 points. This rally was so stout, it gave me a reversal signal to go bullish, on the daily charts, if the rally continues tomorrow. I even held onto a few contracts to see what will happen. If this is a firm reversal, I may hold onto these contracts for the next bull trend in the stock indexes.

Tomorrow, earnings season continues with some very important companies reporting, including Google, Microsoft, IBM, and Merrill Lynch. Stay tuned, this is getting good!