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Stock Market Sentiment 1-26-10 
Tuesday, January 26, 2010, 06:11 AM
Posted by Administrator
The market attempted a rebound yesterday, but then closed flat. Many stocks were mixed, some were down, some were slightly up. Apple had it's earnings call yesterday and blew their earnings estimates off the charts, they had their best quarter ever, yet some unsure investors sold after hours. If you are in Apple, I would hold, because it's definitely going up, there might be some manipulation over the next few weeks, and you might have to hold for a good handful of weeks, but you will be rewarded greatly, especially after the blow away quarter they just had. We have Consumer Confidence and FHFA Home Price Index for economic reports today. It looks like we will have a gap down at the market open. Further weakness may be on the horizon for today.

For today, I will be watching the gap, bracketing the appropiate time periods, and watching for a trend day either way.

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