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Tuesday, October 21, 2008

Tuesday Pullback

Sorry about the late update, but I ran into an old friend this morning and spent time talking rather than watching the market. The market is pulling back after yesterday's rally. The SPX has established a high of 985, and a low of 954, which it is pulling off of right now. Energy is weak after yesterday's strength, with oil pulling back to 72. Technology is also weak. Health care is where the strength is.

I have 3 stocks on the earnings list reporting this morning: ASTE, up 7%; ICLR, even; and SHLM, down 2%. The breakout scan shows IMCL and GEHL, both aquisitions.

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