Day Traders Diary


U.S. stocks on Tuesday struggled to maintain opening gains as investors waited for a report on home sales. The Dow Jones Industrial rose 10 points to 10,796. The S&P 500 Index opened flat at 1,165, while the Nasdaq Composite Index declined half a point to 2,394. The averages are quiet, but the news keeps getting better. Plenty of upgrades this morning. Dow components IBM and Caterpillar are higher on upgrades. In the retail space Saks and Tiffany are higher on upgrades. In the tech sector, Google's withdraw from China is a boon for Baidu. Google is down 2%, but Baidu is up 2% on two upgrades. The chips continue to perform well. Intel is up 2% at new highs. Netlogic is higher on an upgrade. Integrated Silicon Solution is up 17% following earnings and an upgrade. After the first half an hour the averages rallied into the green. Things are looking good. Carnival and Walgreen are higher following earnings. The financials are modestly higher. After the first hour the Dow rose 46 points above 10,800 once again. The Nasdaq inched up 6 points.

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