IBM (April 20, 2009)

IBM is releasing its earnings today, so I will be watching for a gap up or slight gap down depending on earnings. 111, 116 could be possible targets if IBM beat earnings.



I am also interested to watch out for an IBM led rally on the broader index.....

As long as SPY is not caught in the tight band of 85.8 - 87.65...Expect a big move to 90.79 or 83.98.