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

To: ViperChick Secret Agent 006.9 who wrote (11605)	7/9/1998 2:57:00 PM
From: Magnatizer	Respond to of 42787

lisa the afternoon sell of was geared toward MSFT but the S&P was displaying similar characteristics on some of the indicators I like to use. MSFT is going to move one way or another real soon iqc.com ht david

To: ViperChick Secret Agent 006.9 who wrote (11605)	7/9/1998 4:09:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

LIGHT BULB: reason for dow's fall: 12:00 ET Dow -34, Nasdaq +12, S&P-0.76: A quick glance at the indices, and it is apparent where investors are parking their money today... Tech sector has been the highlight since after the close yesterday when Yahoo! (YHOO +11 9/16) blew out its earnings number... As expected, Internet stocks are noticeably higher, and along with an impressive showing from the PC makers, have led today's gains... Broader market, however, trailing the action... Despite another solid earnings report from General Electric (GE +2 5/8), investor enthusiasm has been curtailed by the surprise earnings warnings from DuPont (DD -6 3/16) and JC Penney (JCP -4 5/16)... Would note that the former is accounting for more than half of the Dow's losses at this time... Retailers, in association with JC Penney, have been among the weakest performers to this point... Other notable laggards include oil, gold, and food stocks... Benefitting from a stronger dollar, 30-yr bond +13/32 at 5.60%... Nasdaq 100 +0.9% while the Nasdaq Composite is up 0.6%.