Tuesday, April 19, 2011

One month later, its earnings season

Seems Mar 16 was the low as the U.S. averages have relentlessly marched upward fooling me and most non Wall-Street portfolio managers.

Oil stocks recovered touching year highs but has since sold off all those gains since Apr 5.

The U.S. averages rallied all but 3 days from Mar 17 to Apr 5 going from S&P 1250 to 1330 until last week when unofficially GOOG puked last Thur dropping 41 points or 7% on poor guidance.

The best performers during these weeks were Silver rising from 33 to 42, SINA from 108 to 142, and BIDU from 125 to 149.

This afternoon after the close, WYNN appears to have exceeded guidance with the performance of their Macao casinos. IBM may have missed. On tap for Wed after the close, AAPL.

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