Thursday Evening

CSCO closed down 10% on the day... but equity index futures shrugged it off after a bit of back and forth today. The bulls are buying the dip... and it should be interesting to see if they can follow through tonight / tomorrow.

Thursday Afternoon

Daily Chart (11:45AM)

CHD is doing the Energizer Bunny Dance.  It's working on it's 9th consecutive open green candle.  (Open candles have a higher close than open.)  If it closed right here right now it would be the 4th consecutive close above the upper Bollinger band.  For a dull and boring cleaning products company that's impressive.  No position.

Thursday Morning

Gator's Chart of the Day: CBS

Short and sweet .... earnings are already behind it.  Tags of the 50 day simple moving average have been relatively rare but consistently good buy points.  We got one that turned into a red hammer and we had follow through Wednesday on good volume.  Looks like a good place to start a position.  I have none ... yet.