Analysis:
Yesterday's Analysis predicted that today "Yahoo!'s upbeat earnings will help to send the market back above 1,170." Today the market rose on good corporate earnings and closed above 1,170. Looking ahead to tomorrow, China's Q3 GDP will lead the market to open higher, and the Initial Jobless Claims will be close to 450,000 and contribute to the market's optimistic sentiment. eBay's upbeat earnings will lead technology stocks higher, and Caterpillar's earnings will also bring a positive surprise given the rising commodity prices and will lead industrial stocks higher. As a result, the market will break away from the 1,182-1,185 resistance and close towards 1,190.
Strategy:
Hold long at 1,160
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