Reply #56: and a splash o' blather

[54anickel]

3:30PM: Modest profit taking surfaces late in the day, but the indices show resilience and still hold respectable gains heading into the close... As has been the case throughout the month of January, selling into strength during the final hour of trading has added some modest selling pressure, but buyers continue to show their resolve keeping stocks in positive territory... With regards to tomorrow, earnings will again garner most of the attention as there are no notable economic releases out tomorrow...
Quarterly results from 23 S&P constituents are expected before the bell, with large names such as SBC Communications (SBC 24.40 -0.14) and Eli Lilly (LLY 55.05 +0.21) sure to be in focus, while Altria (MO 62.39 +0.23) reports earnings during market hours ahead of 11 more S&P components out with earnings after the close... NYSE Adv/Dec 1801/1495, Nasdaq Adv/Dec 1673/1374



Meanwhile, the headline on the Yahoo Finance page still reads, "U.S. stocks rally; Dow holds triple-digit gains" --- Morans!