Great Tuesday to all! I’m a bit mad I didn’t hold Alcoa (AA) now, but I think given the gains we got…it was the safe play. Alcoa reported great earnings last night well above the declining expectations that had shifted from 0.12 EPS to 0.08 – 
0.10. They reported a 0.13 EPS, and it is helping propel the entire market and hopes for a great earning season. We had a great Monday with our Buy Pick and Short Sale. We got involved with Weyerhauser (WY) at 37.80 for our Buy Pick of the Day after shifting our entry range in my Oxen Alert – Morning Levels alert. We exited for a 2% gain at 38.55. Our Short Sale of the Day in STEC Inc. (STEC) worked out for a 3% gain, but it was good for over 6% if held. We got involved at 15.50 as I noted in my Oxen Alert – Entry/Exit. We exited for a 3% gain at 15.04. We also picked up shares in our Play of the Week in Advanced Micro Devices (AMD) at 7.48. This one is doing well now already into the 7.60s.
Love this chart…I know how they all feel. Only 1/10 2010 college graduates has a job…staggering.
Buy Pick of the Day: AMR Corp. (AMR)
Analysis: The airlines have actually been one of the best successes of 2010 thus far. Overall, the IATA was forecasting a loss of $5.6 billion for the airlines, which was pretty sound compared to the $80 billion loss expected for airlines received in 2008 to 2009. Yet, now the IATA is expecting a profit of $2.5 billion. The airlines are continually showing promising signs of ticketing bookings and business travelers are once again traveling around the country and globe. The IATA expects air travel to increase 20% to Asia and nearly 17% to the Middle East. Domestic travel is expected to be up 8%, and even Europe is expected to see a 3% growth.
So, when I saw that American Airlines’ parent company AMR Corp. (AMR) was reporting earnings tomorrow morning and that the stock is not extremely overvalued…I thought buy. It might not be the greatest Overnight Trade because I think today is 
going to be a great day in the markets. We got great earnings from Alcoa when no one thought we would. Even I had grown skeptical after three major companies cut their expectations just days before announcement. CSX had…
