Cisco and Dell may announce splits. But I think dopes who bought for the earnings and split news will be in for a rude shock if they ignore these:
1. decisive downtrend in utilities index.
2. transports weak (yesterday was a one day wonder)
3. gold strong (though it may not hold-up for now)
4. strong yen and tanking bonds; and most importantly, my favorite:
5: BAD BREADTH ALERT - just two days after S&P set a new high. It happened in July:
Tue Feb 2 3:33pm ET - U.S. Markets close in 27 minutes.
--------------------------------------------------------------------------------
U.S. Market Digest
NYSE AMEX Nasdaq Bulletin Board
--------------------------------------------------------------------------------
Advancing Issues 1,005 197 1,394 699
Declining Issues 1,969 344 2,636 839
Unchanged Issues 530 177 860 517
Total Issues 3,504 718 4,890 2,055
New Highs 28 9 72 59
New Lows 91 16 51 30
Up Volume 266,541,472 11,515,620 240,418,864 98,127,272
Down Volume 439,856,480 22,831,380 566,961,152 130,860,320
Unchanged Volume 34,870,568 5,434,330 40,985,652 21,625,570
|
