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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (8539)	7/25/2001 9:29:53 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 208838

Updated: 26-Jul-01 General Commentary Market/sector came dangerously close to breaking down yesterday, but staged a strong rally into the close... Indices ended at, or just off, their session highs... In tech it was the large-cap names we cited on the page the other day that led the rebound... Among the more notable winners were Sun Micro (SUNW), Cisco (CSCO), Microsoft (MSFT), Veritas (VRTS), Intel (INTC), EMC (EMC), Oracle (ORCL), Dell (DELL), Siebel (SEBL), Qualcomm (QCOM) and Nokia (NOK). Recent relative strength in the sector titans suggests renewed institutional buying interest... Gains haven't been huge, nor has the volume, but it's definitely a development worth monitoring further... Need the big boys to come back to the sector if we are to build any upside momentum. Though late rebound provided sector some breathing room, indices remain very close to key support levels... Need to see follow through buying today, with subsequent break of 2050 before would feel confident that Nasdaq will escape earnings season without test of crucial 1890-1880 support zone. For all the post-close earnings news, see Briefing.com's Short Stories page.