Thursday, October 18, 2007

Massive hammer on QQQQ

Interesting to note that yesterday's reversal was seen prominently in the Q's. Shows the hot money is in Techs. INTC and YHOO reported great earnings. In contrast, check the Dow, S&P, the candle looks more like a doji. This indicates that there is still some indecision. So we are still not out of the woods. This morning Bank of America reported very ugly numbers. Most of the losses were in the corporate sector. Today after close would be GOOG earnings. The stock rose a solid 20% in the past one month. GOOG earnings are supposed to be good considering YHOO's report. Looking forward to their earnings. Will be playing BIDU based on GOOG report.

No comments: