Stock Climb as Earnings Season Kicks Off

Scott Redler |


With a heavy short interest in the market, stocks are hardly taking the time to pause before breaking multi-month downtrends. Yesterday was a healthy digestion day, and a sign that bulls remain in control. Shorts are getting squeezed, adding fuel to the rally. Some stocks are starting to make new highs, making tremendous moves off the lows. Technically, the SPY will be knocking on the door of bigger resistance very soon. There is a small point of resistance at 1204-1206, and then the major zone is really 1220-1230.

*Disclosures: Scott Redler is long SNDK, SINA, JPM, XOM. Short SPY.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
QEC:CA Questerre Energy Corporation 0.88 0.01 1.15 73,500
AAPL Apple Inc. 156.25 0.27 0.17 23,974,146 Trade
SINA Sina Corporation 110.48 -1.12 -1.00 792,051 Trade
JPM JP Morgan Chase 99.51 1.40 1.43 15,326,608 Trade
SNDK SanDisk Corp. n/a n/a n/a 0 Trade
XOM Exxon Mobil Corporation 83.11 0.37 0.45 9,574,086 Trade

Comments

Emerging Growth

Invictus MD Strategies Corp

Invictus MD Strategies Corp is engaged in the investment, acquisition and development of synergistic businesses in an effort to increase and sustain growth and value.

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…