Well, this has been a new blog that I have been writing on, and the success has been fruitful. First Solar reported great earnings and soared more than 25%. To read up on their excellent report and amazing outlook, check out this article.
This quarter has been full of upsets, so the market loved being able to trade up on excellent earnings. Their was up trading all the way until the market closed, symbolizing some strength in a recent completely bullish market. This is all relevant because people have been used to down days, and a dismal outlook. Today, President Bush signed the tax bill giving many homes in the US a rebate from $300-$1200. This "economic stimulus bill" also was a factor in todays trading.
Also, a report on increased retail sales boosted those stocks such as JcPenny, Nordstrom, and Sears Holdings. This will be short lived due to the earnings of (SHLD) Sears. They have already stated they will report horrible earnings. Once numbers come out, I will update, but as of now I am shorting it heavily.
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