With the earnings being reported after today’s close, it is time for another IBM update. I have been in an out a few times over the last year and have posted about it regularly. The last time I said it had a bit more upside but I was getting out to redploy the funds. It did go higher after that and has since returned to about where it was then. The chart says it is going lower at least in the shorter term, I expect a gap fill and at least a test of the 200 day. When the chart shows some bottoming it could be a good place for stock investors and those looking for income to hide out for a while. I expect the drop will bring the yield back to the 5% area but will need to see a better chart before getting positive.  (Very long term investors who don’t want to pay capital gain taxes can just hold)