GOOG posted great earnings report, 46% higher third quarter earnings in a seasonally slow quarter. This shows the massive force behind tech. I am reiterating that Tech will be the one of the main forces for the rest of the year.
Now at pre-market, GOOG is up $16 at $656. It doesn't make sense to chase GOOG on earnings day as there is not much differential between gap-up and closing price. I had picked up BIDU yesterday at 321 for the spillover effect from GOOG earnings. BIDU has hardly moved pre-market, up just $2 at 322. I am expecting BIDU to break resistance at 323. This will move very fast once this resistance breaks. My stop is at 310.
FOMC Projections
4 hours ago
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