Hi Jane, any thoughts on where these markets are headed tomorrow?
My guess is that tomorrow morning Nasdaq stocks will move down through 3650 as margin calls are squared away. After the forced margin selling slows and finally comes to an end, some of the big players may jump in and start scooping up shares on the cheap. Then, as a rally ensues, we will just have to see how strong the rally is. News tomorrow morning will play a role as it did this morning with the Goldman Sachs outlook change for Microsoft sales. Support at 3650, 3500 and then 3000.
Let's hope tomorrow's earnings reports come in ok.
We get numbers from GM, GE, NYT as well as...
KLA Tencor, Broadcom, Dallas Semi, Microchip Tech, ODP, DCLK,
MMC Networks, MIPS, Diamond Offshore, Guidant, Aerial Communications.
Comments from all welcome and appreciated. |
