Normalization, CPU, NBTY, SPYG and Oils
One can use either no normalization, arithmetic, or ratio. Under no normalization, the plot of $190 IBM price would be a line near the bottom of the chart against the $1100 number of the S&P. Under Arithmetic, it would be a discernable pattern, but hard to relate to the S&P. Under ratio, the prices are ploted on the left (S&P) and right axis (IBM) to compare the general market movement against the stock. In this case, it nearly overlays one another.
CPU - With the Calif time difference, even if CPU announces in the morning, it will still be around noon back east, so the trick will be to look for the best entry if you want to go long before then.
That NBTY release was from the company itself, but if it gaps at open or rises nicely in the morning might be a good play, John.
SPYG blew the bottom in the estimates - should tank for a decent short this morning.
Any hot oil picks, Sue?
lastshadow
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