7/17/13 Daily Blog

The Core trades all got off to a great start on Monday and look to continue upward today. The Federal Reserve Chairman will be on Capitol hill giving his Humphrey Hawkins testimony to Congress today and continuing tomorrow. The written statement on his testimony came out at 8:30am et and moved the markets slightly higher. This morning we had Bank of America (BAC) report good numbers to support the financial sector. tonight after the market closes we have a couple market moving companies reports in INTC (INTC) and  IBM, then we have EBAY. INTC's chart is very nice in recovery and those that wish may take out a high risk weekly option shot, my guess is to the upside. IBM has been beat down and any good news could take it to 199.