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To: Voltaire who wrote (25912)	7/19/2000 8:08:14 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

MARKET SNAPSHOT Market may see split screens Futures markets point to mixed open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:59 AM ET Jul 19, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - U.S. stocks appear poised for a mixed open Wednesday as another flurry of earnings hits Wall Street, including many bellwethers in the technology arena. September S&P 500 futures lost 2.50 points but were trading roughly 0.60 point above fair value, according to HL Camp & Co. - pointing to a steady open for the broader market. Nasdaq futures, meanwhile, slipped 28.50 points, or 0.7 percent. The market's reaction to earnings of tech behemoths such as Microsoft, IBM and Intel was mixed in pre-market dealings. Microsoft (MSFT: news, msgs) shed 1/2 to 78 in pre-market activity, according to Madoff Investment Securities in London. See Indications. The software kingpin reported a second-quarter profit of 44 cents a share after the close Tuesday, beating the First Call estimate of 42 cents a share. Microsoft made 40 cents a share in the year-ago quarter. See full story. And Intel added 1 to 144, Madoff said. The chip behemoth (INTC: news, msgs) registered late Tuesday a second-quarter profit of $1.00 a share, beating the First Call estimate of 98 cents a share. On a post-split basis, net income totaled 50 cents a share compared to 26 cents in the year-ago period. Treasury focus In the Treasury market, prices slipped in what may be another session of cautious trading ahead of Fed Chief Alan Greenspan's testimony on monetary policy on Capitol Hill. In fact, prices barely budged from the unchanged mark on Tuesday as Treasurys reacted to the stronger-than-expected CPI as well as the falling stock prices. The 10-year Treasury note was off 6/32 to yield 6.17 percent while the 30-year bond trimmed 5/32 to yield 5.925 percent. In economic news, Wednesday will see the release of the May trade figures, seen revealing a deficit of $30.3 billion. The number rarely generates big moves in the government market and has a greater effect on currency prices. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen edged up 0.1 percent to 108.20 while euro/dollar shed 0.5 percent to 0.9202. See latest currency rates. -------------------------------------------------------------------------------- Julie Rannazzisi is markets editor for CBS.MarketWatch.com.

To: Voltaire who wrote (25912)	7/19/2000 8:30:48 AM
From: Clappy	Read Replies (1) \| Respond to of 35685

Hi Voltage, I've been spending a lot of time searching through tons of charts looking for buy signals. I've only found a few that look appealing. Many are looking over bought. In addition, I'm starting to see several companies who beat their earnings expectations, yet they got clobbered in afterhours trading. MSFT surprised with good earnings, yet there appears to be no excitement about it. (Perhaps too much antitrust baggage...) Anyhow, I find that when I search and search for buy signals, and only find a few, I'm better off waiting longer instead of forcing a trade. Perhaps we've become oversaturated with good news, and good earnings. Too much of a good thing is bad... Besides, Mr Greenspan speaks tomorrow and Friday. Perhaps he will tell us that Happy Hour is over for now... As usual, I'd like your point of view. It helps me clear my head. Thanks. -Clappy