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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (40358)4/20/1998 9:35:00 AM
From: Kevin  Read Replies (1) of 58727
 
>>> Just check the GLOBEX futures on the NDX and it is down 590 so looking weak, and weaker than the S&P. <<<

Good morning Don. How was your weekend?

IMO, we'll see a follow through rally today. NDX, SPX, and DOW all finsihed at, or near, their high for the day on Friday. I witnessed over $1.5 billion of positive MF for the SPX on Friday...largest inflow in at least 4 weeks.

No bad earnings info...no bad eco data...don't see a reason for a selloff right now.

I think the week should end on a positive note, possibly even a new high. JMHO.

Take care.
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