SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (26645)7/26/2000 8:51:24 AM
From: Dealer  Read Replies (2) | Respond to of 35685
 
MARKET SNAPSHOT

Stocks heading for soggy open
Can techs find buyers?

By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 8:09 AM ET Jul 26, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) - The market appears set for a downside open Wednesday following a session during which the tech sector regained its composure.

Still, market watchers don't expect the major averages to make any scintillating moves anytime soon. They still see stocks stuck within familiar confines until the market gets more clarity on revenue growth going forward.

September S&P 500 futures slipped 0.50 point and were trading roughly 3.60 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, lost 3.50 points, or 0.1 percent.

A couple of Dow companies posted results before the opening bell. Minnesota Mining & Manufacturing posted second-quarter earnings of $1.18 a share, 2 cents ahead of the First Call estimate. The diversified company made $1.17 in the year-ago period. Shares (MMM: news, msgs) slipped 3 11/16 to 88 5/16 on Tuesday.

And DuPont (DD: news, msgs) checked in with a second-quarter profit of 90 cents a share, beating the First Call estimate of 88 cents a share. The company made 84 cents in the year-ago quarter. Shares closed up 5/8 to 43 5/8.

In the Treasury market, prices traded in a mixed fashion out of the chute with no news on the economic front Wednesday to inspire activity.

The 10-year Treasury note added 1/32 to yield 6.02 while the 30-year bond slipped 3/32 to yield 5.815 percent.

Though there's no data out Wednesday, there will be plenty of economic news to chew on Thursday and Friday with the second-quarter employment cost index and gross domestic product numbers due out. View Economic Preview, economic calendar and forecasts and historical economic data.

In the currency arena, dollar/yen lost 0.1 percent to 109.00 while euro/dollar edged up 0.1 percent to 0.9395. See latest currency rates.

Julie Rannazzisi is markets editor for CBS.MarketWatch.com.



To: Voltaire who wrote (26645)7/26/2000 8:55:19 AM
From: JohnG  Respond to of 35685
 
QCOM looking Good. Up yesterday on moderate volum=~23MM shr. Has busted thru 30 day Mov agv=~64
and approaching 50 day mov avg=~73. MACD positive and Stoch turned back up. A high voulme up day could
signal a trend reversal.
JOhnG



To: Voltaire who wrote (26645)7/26/2000 10:02:43 AM
From: CAtechTrader  Read Replies (5) | Respond to of 35685
 
Remember the poster.."PatternRecognition" from the Yahoo Board..who was unreal in his/their TA on QCOM, but stopped posting because of short's harassment? He just called me and said a trade above 70 in QCOM is the first buy signal in QCOM in 5 months..he said 70 gets 85 ASAP...just FYI for all here who used to watch the Yahoo Board. Cheers!