The stock market is looking to go down today after the Fed mentioned they might start tapering later this year
Consumer Credit is expected to be lower than previous, even if it might be higher, stocks should still go down
Disney's earnings missed estimates, theme parks & media networks did well but movie division took big losses
Disney also expects a $160-190 million loss for "The Lone Ranger" later this year
Stocks are down from 67.05 to 65.65, 66 might become resistance for Disney today
Look to sell Disney @ 66 for 4pm EDT end of day expiration once & everytime it reaches 66 & drops, for 30 minutes expiration
IBM plans to furlough most of its employees in the hardware unit after being downgraded by analysts yesterday
Stocks dropped from 195.5 to 190.99 & now to 189.50
Even though it might be too low, it looks like the market is not showing mercy & 190 might become resistance instead of support
Look to sell IBM @ 190 for 4pm EDT end of day expiration once & everytime it reaches 190 & drops, for 30 minutes expiration
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