Guesstimates on February 8, 2012
March S&P E-mini Futures: Today's day session range estimate is 1340-1350. The longer term trend is upward. A rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.
QQQ: Headed for 63.
TNX (ten year note yield): The 10 year yield has started a move to 2.50%.

Category: General Market Tags:
Saturday links: limit orders and dopamine
The weekend is a great time to catch up on some of the reading you skipped during the week. We hope you enjoy this set of long-form links.
Finance
What is the ‘limit order effect‘ and how does it change our thinking about behavioral finance? (The Psy-Fi Blog)

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Thursday links: sell side blues
Quote of the day
David Swensen, “A fiduciary would offer low-volatility funds and encourage investors to stay the course,” he said. “But the for-profit mutual fund industry benefits by offering high-volatility funds.” (Justin Fox)
Chart of the day

Category: General Market Tags:
AAPL Blows Away Earnings in After-Hour Session
Another great day for the stock market as again buyers step up and support the market. The market did get help from the Richmond Federal Reserve Manufacturing index as it came in better than expected. However, the market turned its attention to AAPL’s quarterly earnings report. Volume came in lower perhaps due to the Federal Reserve meeting concluding on Wednesday, but it’s anyone’s guess. More importantly, it was AAPL’s blow out quarter taking center stage. This uptrend will continue tomorrow and for the moment it continues to be strong.

Category: General Market Tags:
AAPL ( Apple Inc) - Watch This Stock Tomorrow
Apple Inc (AAPL) is one of my favorite stocks to trade mainly because it's so liquid and it is a leader of the NASDAQ due to its heavy weighting within the index. The reason I will be watching this stock tomorrow is because we now have an inside day. An inside day is simply a day that has a lower high and higher low compared to the previous day.
What I like about inside days is that they

Category: Technical Analysis Tags:
Technical Picture - Best Weekly Performance since July 2009
Closing off the Lows, Stocks Show Resilience
While market pundits wait for a Greece and its creditors to come to an agreement, stocks quietly put in a solid day. At the open it did not appear stocks would have a good day as the market pulled back nearly one percent. Small cap stocks were having a difficult time, but a solid reading from the Dallas Fed helped spur buyers step up to the plate. Volume ran lower for much of the day and helped the market avoid a day of distribution.

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Steve Jobs interview from 1990, recently surfaced
Watch An Interview With Steve Jobs on PBS. See more from NOVA.
Steve Jobs talks about the future of computing in a rare 50 minute TV interview aired on PBS.

Category: Longterm Investing Tags:
Top clicks this week on Abnormal Returns
Thanks for checking in with us this weekend. Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, January 28th, 2012. The description reads per the relevant linkfest:

Category: General Market Tags:
Sunday Post,
- CreditCards are potentially bearish for me (Visa, MasterCard + American Express),MasterCard chart posted allready as short candiate earlier but this entire business group itself is not very attempting for me either. With this group MasterCard is still as short candidate for me.
UK retail warnings potentially helped to make bearish action for credit cards on last session.
Tesco from UK gave warning and also smashed their other retail names down pretty heavily.
(I heard some rumours Buffett actually bought that Tesco drop).

Category: Technical Analysis Tags:
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