Goldman Sachs (GS) reported a +79 pct surge in 3Q net income to $2.85 billion. That’s quite amazing and ought to be analyzed before discussing. Bear Stearns (BSC) 3Q net income, on the other hand, dropped to $171.3 million from $437.6 million a year ago.

Losers in the Financials (XLF) and the Discretionary Spending (XLY) sectors lowered the DJIA (-48.9) and Nasdaq Composite (-12.2). The euphoria over the Tuesday afternoon decision by the FOMC dissipated.

After the bell, Oracle (ORCL) reported 1Q profit grew +25 pct to $840 million, or $0.16 a share, compared with $670 million, or $0.13 a share, in the same quarter a year earlier.

FedEx (FDX) posted a +4 pct rise in 1Q net income of $494 million and Circuit City Stores (CC) swung to a 2Q loss of $62.8 million.

On the deal front, Nasdaq Stock Market Inc. (NDAQ) and two-year old Borse Dubai agreed to a three-way deal over OMX AB. Let the political discussion begin.

Crude Oil prices soared over $83/bbl and natural gas dropped more than -2 pct.

The US Dollar weakened across most currencies due to the FOMC’s interest rate cuts.

Asia-Pacific stocks closed up before European markets finished down.

---

International Economics Review

US Economic Calendar

FOMS Policy Decision Analysis by Econoday

Friday is a “quadruple witching” day, which ought to add to the volatility.

---

The Cara Global 100 Stockwatch

Here are the Thursday session Cara 100 gainers.

Note: Knobias has a problem with the CSCO and DELL data.

---

Here are Cara 100 losers from Thursday.

---

Here are the Cara 100 stocks that hit 52-week intra-day highs or lows in the Wednesday session. The New Highs list is growing. Watch the Distribution Zone for Sell Alerts. Successful traders sell into strength (and buy into weakness), like any businessperson would do.

---

Here are the Cara 100 stocks that had extreme volume changes.

It pays to watch the price and volume extremes, ie, Money Flow, especially when markets start trending. Note how enthusiastic traders have become, with price increases on huge volume expansions. A lot of this is short-covering, and much of it is the action of so-called professional money managers playing chase the leader.

---

Key Stocks plus Cara 100 In Focus

There are various sources for up/down grades by broker-dealers. One is at Briefing.com. Traders ought to check everyday for ratings changes. That website is updated later in the morning.

I am appreciative to the folks at KNOBIAS, Inc for providing the Cara 100 summaries.

---

Relative Strength Index (RSI) analysis of the Cara 100 company stocks .

RSI > 70 (12 of 34)

RSI < 30 (0)

Here are the Cara 100 stocks that traded Thursday with the highest and lowest RSI-7, sorted by (i) daily and (ii) monthly values:

“Chris,” used BillCara2.com data that is unsmoothed, unlike the data from Worden used by “David”.

---

Download Gold research from Wall Street

---

Wrap-up

When I returned, much later than expected, I found my mailbox had dropped all in-bound mail from 8:48am to about 1:00pm when I fixed the problem. Sorry.

Re-send mail if you think you were affected.

On a happier note, tonight is the wedding reception and party for my son Will's wedding to Fiona Fitzpatrick next week.

---