Markets are trying to deal with ER starting from tech giants tonight.......
INTC,YHOO,IBM are the big ones.......
I am expecting all three will guide higher......so markets will react positively on wed...so I think...
ERIC shock this AM with their lousy ER & guidance.....it is in a dead sector...so no news there...that is where deadbeat NT & ALU compete.....
Markets know the story of ERIC.....so trying to regain their footing.....will not be surprised if we close green in Nasdaq.......
It is a stock picker market...stay out of concept or hyped small caps......they are racing "downhill".......
AAPL is green already on its upcoming release of its "new & improved OS for Macs...Leopard is debuting in two week......AAPL is leading us out of this AM funk........
Among few green @ 11.09 AM are :
BRCM (new high...its new chip is ahead by one yr against TXN & QCOM),AMAT,
SIRF ( keeps going UP),NVDA,WYNN,WYN,LVS,AMD,NMR,LRCX,JASO,NVLS.
Markets will reward those who know FA & TA of their holding......watch support on all your positions......sell before resistance......do not fight for last $$$......show conviction within range $$$
No change in my portfolio...all are RED.......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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