The Wrap for 10/22/12

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The market started off on a good note, then slowly retreated until about 3PM when the tape caught a bid. It looks to me like it was a technical bounce brought on by short term overbought conditions.

AAPL had a nice rebound and that helped the Nasdaq put in a green day.

I’m still not seeing any set ups that I love tonight, but my gut says we are going  higher. Let’s see what we do tomorrow and we made add some names.

Much to tune into tonight by way of the Giants-Cards, Bears-Lions and Obama-Romney. This is when picture in picture comes in handy.

See you all tomorrow.

Joe

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