Go time

The earnings season gets busy today - JNJ just came out - stock looks flattish on the report thus far. Tonight we have INTC - this is a biggy as it is significant because its chips make the world go round. For traders the earnings matter less than the reaction to the earnings. Its no secret stocks have been on a bull run - a sell the news reaction is a possibility - but right now the tape is a firmer than a Dallas Coyboy's cheerleaders stomach. So watch how JNJ and INTC trade in the next couple days, Alcoa has not been able to muster any strength off its report.
In other news, Meredith Whitney downgrades the king of crash, GS today. I have not seen the report but the timing is interesting as Goldman's earnings loom in the next few days, thursday I think. Whats interesting about Meredith in my opinion is that she is not just a spreadsheet analyst she seems to get market psychology. Her calls usually get a fair amount of credence so watch GS which is slippinng in early prints by about $3.4.
Finally just wanna give a shoutout to my Blackhawks, who came into the second period of last nights game down 5-0 vs a tuff Calgary Flames team. They scored 6 unanswered goals and won the game, never give up and try your hardest at all times. Very impressive!

JB