Markets rally on company results, outlooks April 20, 2011
Posted by Marlowe Cassetti in EWV, USD.trackback
Strong profits and outlooks from tech and manufacturing companies propelled U.S. stocks higher on Wednesday, delivering the biggest lift to sentiment since quarterly earnings reports began a week ago. Leading the broad rally were Intel Corp, the most actively traded stock on the Nasdaq, and United Technologies Corp, Dow components that gave strong outlooks. Chipmaker Intel forecast second-quarter sales well above analyst expectations while United Tech raised its full-year profit view. (commentary & photo courtesy of Reuters)
The RSI portfolio had an outstanding day today, beating the S&P500. It was buoyed by a 9.9% rise in Ultra Semi (USD). The only loser was Short Japan (EWV) with a 3% loss. Anyway, big smiles today.
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No RSI buy picks today. Catch you later.
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