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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (12585)	7/24/2001 3:02:05 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

Market Update from Briefing.com 2:35PM: The Dow is heading south quickly this afternoon. The Nasdaq is also at session lows. The indices are setting up for some ugly closes. Because it's earnings season and an ugly one, a turnaround into the close is unlikely as stocks are not rallying on bad news as they did last quarter...Most every sector is slumping, especially tech, energy, retail....Rail stocks are getting hit hard: Burlington Northern (BNI 27.24 -2.34), Union Pacific (UNP 53.15 -3.35), Norfolk Southern (NSC 19.55 -1.18) on weak earnings reports. Not often group sells so sharply in one day... Homebuilders continue to sell off this afternoon on an analyst downgrade....Stocks hitting new 52-wk lows today include Avici Systems (AVCI 4.30 -0.72), Enron (ENE 42.95 -3.71), i2 Technologies (ITWO 10.21 -1.29), Sycamore (SCMR 6.15 -0.26), Time Warner Telecom (TWTC 24.11 -2.32). NYSE Adv/Dec 993/2057, Nasdaq Adv/Dec 1127/2428