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Strategies & Market Trends : Keep Your Eye On The Ball - Watch List -- Ignore unavailable to you. Want to Upgrade?


To: TFF who wrote (97)10/3/1998 5:34:00 PM
From: TFF  Read Replies (3) | Respond to of 2802
 
Things To Watch - Waiting For The Other Shoe To Drop:

That was an interesting week. Internets and Golds pulled the market higher and then gave way to Financials and Networkers. One would guess that the financials are due for a bounce but who really knows what bad news is lurking out there?(rumors of big losses on trading desks seem to be a common theme)Bonds are in a HUGE rally and might help the financials to turn around but so far the market is taking it as a bearish indicator. The Japanese markets seems like it is be held up artifically so that might be a catalyst in the next week or so.

Yahoo earnings will give the internets something to move on, but they've already had a huge move in the previous week and 1/2 - buy the rumor sell the news? Also INTC will be reporting on the 13th which should help the tech sector.