1:00pm (EST) The bulls are hanging around today and seem determined to take the market higher. We have spent much of the day in the red as most of the Financial stocks are trading lower and Tech has been weak. Currently, the Dow is down just 8 points to 10,007. The S&P 500 is off by 2 to 1,090 while the Nasdaq is trading lower, down 6, to 2,165. Goldman Sachs (GS, $188.64, down $3.66) reported 3Q earnings of $5.25, versus Wall Street’s estimates of $4.24 a share. Revenue for the quarter came in at $12.4 billion, which easily beat estimates of $11 billion. There were “whisper numbers” of Goldman earning $6 or $7 a share which is probably what it needed to report to get over $200 a share. Expectations were so high for Goldman which is why it is lower today. I mean, LOOK at their numbers! They crushed it but investors are “selling the news” today… Friday is option expiration day for the October chain and it has usually meant a lower day for Wall Street over the past few years. I did some research and we have been lower 7 out of 10 days on expiration (or something like that) so we will see how the bulls act going into the close today. I still think the market trades higher from here unless we get some kind of nasty news. We profiled a couple of trades this morning in the Members Area. Current subscribers, please check the updates for these trades as one got filled and one did not. I have updated them in the 1pm update today.]]>