Tuesday Evening

S&P futures recovered after the early dip and closed near the highs of the day. INTC earnings are having a mildly bullish reaction so far in the after hours session... and it could be what the bulls needed to get this market towards 1400 on SPX.

Tuesday Afternoon

DECK daily chart (11:30AM)

After the big dump in late April and further retreat in June DECK has held up well in July.  Even on some nasty down days for the market it has refused to fall.  Monday in the face of the awful retail news it was up on volume that was well above average.  It may be a good ticker to have in your portfolio.  No position here ... yet.

Tuesday Morning

Gator's Chart of the Day: FIRE

I'm taking another look at Sourcefire, Inc.  The stock appears to have found support at the top of the February gap (42ish) and is now consolidating.  I still like their business very much and believe they have products that will be in great demand either from customers or as a takeover target.  They are due to report earnings on July 30th and I'm looking to have a position ahead of that report.  I probably will let some go but not all.

The Trade 
I'll look to take the 1st bite around 43.50 or a bounce from 42+ if the open is a dollar or more below Monday's close of 43.87.  My stop will be fairly tight as I will not want to hold if the stock falls into the gap.  It's possible that what I see as support may just be a pause in a move back to 35.  I would like to add fairly quickly and hold for a move back to the 20 day simple moving average or until earnings (whichever comes first.)