Is Santa Coming To Town?

Qualcomm is changing the name of Qualcomm Stadium to Snapdragon stadium - all in an effort to promote its new chip.  The name will remain until 28 Dec after all the football games are done.  How's that impacting the stock?  Not much.  Still, if you like sloppy uptrends, this is your baby.  Just note the one concern (check the chart).

What about the rest of the market?  It's confusing.  We might see a Santa rally - in fact, this might be it right now.  Hard to tell.  I'm having trouble getting interested.  Confusion tends to make me step away. Last time, I expected a rejection of the 1200 level, but that didn't happen.  I was anticipating too many different things to occur.  The most immediate thing was the bounce up to 1200.  I should have just stopped there.  Looking back, it seemed arrogant to point so many things out.  Still, that won't stop me from making such judgments about Bank of America. 

And last but not least, your Bank of America update.

Last Week's Best

-R