S&P 500 = 1285

Today is a busy day for me so I’m not doing much posting, but I will note that it’s another good day for stocks. The S&P 500 is up to 1285 which is another two-year high. The Buy List is also doing well and we just broke through the 4% mark for the year.

The strength today seems to be coming from financials. JPMorgan Chase (JPM) will soon give us a better read of what’s going on. As I’ve said before, I’m expecting a big earnings beat. The Street expects 99 cents per share. I think they’ll report $1.10 or more. The earnings call is scheduled for Friday morning, so the press release may come as early as Thursday after the closing bell.

You can also follow my incoherent ramblings insightful market analysis on Twitter and StockTwits.

Posted by on January 12th, 2011 at 1:10 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.