Michael, This should prove an interesting day for banks and techs with INTC's confirming or denying its trend, and banks perhaps forming an earnings momentum top having ridden the interest rate curve. Most earnings either bless the current thinking or offer a short term trading surpize, which is why I prefer to stay away.. though I find myself in that position.
NKE, ADBE, IFMX, AZA, DURA, FIBR, CRUS, CHPS.. an odd assortment of stocks that are turning up while many of the strength stocks seems to be flagging for retrace or horizontal range trading. There are many that look in need of consolidation and that they'll take it soon. SUNW is getting a great deal of popular press and Java attention, a tech cap laggard that should top 40 and hold, good news 45.
Sorry to hear about your collegue's untimely cancer. I can understand your feelings. A friend, who I first met in second grade, has deteriorated to a barely responsive shell with Huntingtons. It proves one thing to me, that we need to redouble our appreciation of what we have in the present.
Jim |
