11:50am (EST) The market has been in a tight, mini-trading range for the past 4 sessions but today’s action could be the start of another leg higher. Earnings continue to come in ahead of expectations for the most past and the gains in International Business Machines (IBM, $199.63, up $5.08)
Big Blue (IBM) Comes Through/ New Trade / Profit Alert!
IBM Does it Again
9:00am (EST) The market powered higher for the second-straight session as the bulls made their way back to the top of the current 2-month trading range. Decent earnings and a “recovering” housing market once again did the bears in as they look to hold current levels or face the risk
Intel Beats Estimates, IBM on Deck
12:30pm (EST) Intel (INTC, $26.20, up $0.82) reported earnings after the close yesterday and they came in better-than-expected, for the most part. The company announced a quarterly profit of $2.83 billion, or 54 cents a share, versus $2.95 billion, or 54 cents a share, in the year ago period. Sales
Bulls Take a Hit, Still Holding Weekly Lead
9:00am (EST) The bears made a clean sweep on Wednesday as all three of the major indexes suffered losses. This is normally the most “bullish” week of April as it is typically a good month for stocks and Tech showed some strength by making a brief appearance into positive territory.
IBM Slips in After-Hours
5:30 pm (EST) It seems the bears are starting to like Monday’s and today was no different. In what has been a common theme for the last few weeks, Monday’s have been lower as the bears try to get a jump start on the week. I would say they did