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Monday Options Recap

Oct 19, 2009 - 3:58 PM EDT

Frederic Ruffy submits:

Sentiment

Stocks are broadly higher on hopes the earnings reporting season will deliver good news for investors in the days and weeks ahead. Caterpillar (CAT), which releases results Tuesday morning, is up 5.3 percent and leading the Dow Jones Industrial Average to a triple digit gain. Texas Instruments (TXN) is holding modest gains and Apple Computer (AAPL) is flat ahead of reports due out after the closing bell. The tech-heavy NASDAQ is up 20.

The economic calendar remains light. A report from the National Association of Homebuilders [NAHB] released Monday afternoon showed homebuilder sentiment [HMI] slipped to 18 in October, down from 19 the month before and its fist decline since June, when the gauge of industry confidence slipped to 15.

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Source: Seeking Alpha (Oct 19, 2009 - 3:58 PM EDT)