28/2 10:21 -- The broad market had a decent move above key resistance yesterday, with several notable areas standing out. Big cap tech, including amazingly MSFT (who announced plans for 6 versions of its upcoming operating system, Vista, targeting different categories of users), came to life and gained some traction. Lowe's, following on from Home Depot's strong report, reported healthy numbers. All what the market wants to see: stable & growing consumer spending orientated to the housing market, embryonic signs of a more consistent trend in IT spending & demand across all colours of the spectrum -- consumer, corporate, public spending, international.
On our radar remain: SNDK, APOL, TLAB, ES & NQ. We removed AAPL, PD, GLD as the short term focus shifted elsewhere.
Elsewhere, CSCO hovers under a major level at 20; IJR (S&P Small Cap ETF) broke out then pulled back & printed a minor bear pattern, as did SPY. Download es28021016.pdf
