A choppy day in the markets today as we consolidate last weeks move. The Nasdaq did the best today, closing up 1.19%. It’s a healthy sign that the market is making some steady consolidation here, rather then making a huge sell off…at least so far. Both Apple and Amazon reported strong earnings today, but poor outlooks brought their prices lower after hours. There are some important companies reporting earnings tomorrow that could move the market. They include Microsoft, Baidu and MEMC.

There were no triggers from the Watchlist, although MON did make a move lower out of the pennant it was in. It’s a bit choppy trading here though, so I don’t mind that I haven’t had any triggers the last 2 days. The best thing to do here is be ready with some charts, in case we make another move.

I have a few stocks I will be watching tomorrow. I will need to see the market cooperating though.

Trade Ideas for 04/24/08:

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Good luck and good trading!