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Thursday 17 October 2013

Stocks to watch

Goldman Sachs reported better than expected earnings because of declined expenses but revenue fell
Stock dropped from 162.25 to 156.68
Possible (weak) support @ 158

IBM reported better than expected earnings but revenue missed estimates by over $1 billion
IBM also expects to get back on track only by 2014
Stock dropped from 186.05 to 173.0

Ebay also reported better than expected earnings but revenue missed estimates
Ebay also reduced future earnings expectations because of  "dramatically decelerating U.S. e-commerce growth"
Stock dropped from 53.25 to 50.33
Possible support @ 51.0

JPMorgan will pay $100 million to settle charges for the "London Whale" trading scandal
Possible resistance @ 54.0, possible support @ 53.66

General Motors plans to produce a bi-fuel Chevy Impala in 2015
Support @ 35.0, 2nd possible support @ 35.4

Apple is expected to unveil new iPads at a October 22 event
Support @ 500

Google is expected to report earnings after stock market closes today

Stocks are rebounding after dropping too low
S&P 500 rebounded from 1714, possible resistance @ 1720, breaking & staying above resistance should be a buying point as the market is quite bullish for now

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