April 25 - Market Movers 8 am update

Stock	Movement	Reason	Our Comments
AAPL	Up 50 points.	Earnings last night.	50 point move has everyone that was bearish turning bullish.  Market sentiment seems to drive this issue more than anything.  The 620 high from the 18th (GS upgrade day) might provide some initial resistance.
BA	Up 2 points.	Earnings.	Traded as high as 75.45 in premarket.  But whole 75 area looks pretty big.
CAT	Down 2 points.	Earnings.	110 remains major resistance.  Some initial support in 105 area (Monday's low).
LLY	Up 90 cents.	Earnings.	Traded as high as 41.50 in premarket.  That's a little overdone.  This stock usually doesn't move much on earnings.  40 may now provide some decent support.
GD	Flat.	Earnings.	No trades yet, but has formed a nice base in low 69s.  A breakdown through 68 would not be good for the longs.
WMT	Up 40 cents.	Downgrade, and continued news on bribery cover-up.	The free fall continued yesterday.  It's hard to catch a falling knife, but 56 area looks like decent support.
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