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Earnings Season Can Inflict Pain

Drama yesterday with BBY even though it didn’t even report earnings.  Disappointing holiday season sales caused a nasty downgap after the previous day’s upward reversal from Wednesday’s doji.  

C and GS disappointed with their earnings too, while the rest of the market was pretty robust.  

Also there were a couple of Doji bars that reversed – notably VZ which I highlighted yesterday morning.