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January 28, 2013  Mon 7:35 AM CT

CAT: SEE CHART GET CHAIN FIND STRATEGIES
Traders Look Past Revenue Miss

Caterpillar reported fourth-quarter profit of $1.91 a share, beating the $1.70 expected by analysts. Revenue missed, but investors are focusing on that strong bottom line number and CAT is up more than 2 percent before the bell on my tradeMONSTER platform.

Sony Upgraded by Citigroup

Citigroup upgraded Sony to "buy" from "neutral," saying declines the Japanese yen will help the company. SNE climbs 7 percent in the premarket.

JoS. A Bank Hammered by Cost Pressures

JoS. A Bank Clothiers said that net income will drop 20 percent in the full year as costs surge. Management also said it was hurt by warm weather and customers didn't respond well to promotions. JOSB drops 16 percent before the bell.

Furiex Pops on Drug Approvals

Furiex Pharmaceuticals said the Food & Drug Administration approved three new type 2 diabetes drugs. The medicines will be sold by Takeda Pharmaceuticals, but FURX will receive a $25 million milestone payment, plus royalties. The stock is up 32 percent in early trading.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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