Classically Trained, for the Revolution

Tuesday, January 22, 2008

In SBUX

On the heels of the Fed action, Retail groups led in the market today. I bot SBUX late in the day (ave. 19.69). There was strong action from retail bellwethers WMT, TGT, HD, and COST, all of which look live for the near term.

AAPL was woodsheded after hours, following earnings, setting up another test of will for the market. We finished the day in promising fashion otherwise.

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