The computer glitch at the NYSE on Tuesday was forgotten by the end of the week. It was another good week for the bulls with the averages showing nice gains. The overall market moved higher despite the negative earnings stories from a few companies.
In my analysis, it is the price action and volume that are more important than whether the earnings or revenues meet expectations. Often a stock will move higher on an earning’s miss or move lower on an earning’s beat which can frustrate investors who try to rationalize the response.
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