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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 671.930.0%Nov 14 4:00 PM EST

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To: Clint E. who wrote (21298)6/2/1999 10:52:00 AM
From: Iris Shih  Read Replies (1) of 68046
 
Clint,

Not going to play this round, either. Too hard to make easy money here.

Wall Street was also awaiting a speech on technology by Federal Reserve Chairman Alan Greenspan, later on Wednesday.

Investors will listen closely to a trade and technology speech by Greenspan in Boston at 1300 EDT/1700 GMT.

Although the Fed chairman is not slated to speak about the economy, inflation-wary Wall Street is likely to comb his speech
for any indication on interest rates.

Markets have been on interest-rate watch since the Fed shifted to a tightening bias on borrowing on May 18.

Meanwhile, New Home Sales data for April is set for release at 1000 EDT/1400 GMT.

In the technology sector, Intel Corp (Nasdaq:INTC - news) was up 1-3/16 at 51-13/16. Morgan Stanley reiterated its strong
buy recommendation for the stock.

**Interesting Dan Nile just downgraded intc and now MS reiterated "strong buy". I used to pay attention to both analysts. They both were in the same intc bull camp but now things changed.

Iris
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