AM calling for a positive move on the NASDAQ after 8 consecutive sessions in the red. Its 3 pm and we have an hour wherein these days we get collapses. Today seems the day we break the trend. Collectively we shall breathe- a sigh of relief.
Not much can be said yet. Positive close today will still be heading into earnings releases being triggered off by Alcoa. I would go ahead and buy AA ahead of the earnings at 30.20 - any bad news is priced in and if its really bad the downside is 28 to my mind. Lets see... wait watch and buy as we see the opportunities.
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