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Market Overview

Stock Watch-Lisit for January 25, 2010

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It's great to finally be back writing my daily articles - last week was awful - trying to restore SharePlanner, while at the same time the market was dropping like a rock. The market has a lot working against it such as extreme overbought conditions that has to wear off, a not so great earnings season, and with the healthcare vote in shambles, the President and Congress are now re-focusing their efforts on the financial markets which is never a good thing, especially when words like "financial overhaul" and "new bank regulations" are being used.

At the moment, the markets are rocking with Futures showing the Dow up 47 points, the Nasdaq up 7 points and the S&P up 6.5 points. Not much in terms of economic reports today, with only the Existing Homes Sales due out at 10am ET. However, we do have some significant earnings reports due out with Apple (AAPL), as well as Halliburton (HAL), and Texas Instruments (TXN).

I've added a new feature to the website, over to the right hand side of the screen, (you may have to scroll down some) where you can see what my current long and short positions are as well as my recently closed out positions. As you can see, I am completely cash as last week's pullback took me out of all my positions - the good thing is that it was all with gains.

Here are Today's Trade Ideas...

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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