Stock Movement Reason Our Comments
JPM Up 35 cents. Bounce back. Bouncing back a bit after a rough day yesterday.  Again, until this stock stops making new lows, caution to the bottom picker.

 
FL Up 80 cents. Earnings. 29.50 area could provide some initial resistance, after that 30 is a big psychological number.

 
GPS Up 50 cents. Earnings last night. Tricky stock to find levels on.  Playing the whole number theory, 28 may   provide some institutional resistance.

 
DB, ING, BCS, CS, UBS Up 1-3%. Bounce back. Euro-banks were a mess yesterday, showing a bit of   strength this morning.  Keep an eye on these banks if you’re trading US financials.

 
FB To open at 11am. First day of trading. IPO price set at 38. Set to start trading at 11 am.  Stock could really open anywhere.  If it opens under 50, we’d be shocked.  In any case, it’s going to be a wild ride in this issue.

 
ABX GG Up 1%. Continued strength. Everything was ugly yesterday, except for the gold stocks, which had their best day in months.    Getting a little follow-through this morning.

 
CRM Up 9 points. Earnings last night. A lot of air between 140 and 150.  Stock has serious resistance in 150 area.

 
 

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