The Nasdaq carved out a narrow range bar on lower volume and just managed to close above support. The hardware, diskdrive and networking sectors were the worst and software the best. The only major market sector that performed well today was energy. I noticed that 80% of the gap up plays were energy related. The only major company reporting results - AA, had a stellar QTR, beating estimates by $0.17. Hopefully this will create some buy interest in the markets tomorrow. Today's NDX winners were
RHAT, JOYG, and
GOOG, with
CTXS in at number five. The losers were
JDSU, SNDK, and
ESRX.
The Nasdaq carved out a narrow range bar on lower volume and just managed to close above support. The hardware, diskdrive and networking sectors were the worst and software the best. The only major market sector that performed well today was energy. I noticed that 80% of the gap up plays were energy related. The only major company reporting results - AA, had a stellar QTR, beating estimates by $0.17. Hopefully this will create some buy interest in the markets tomorrow. Today's NDX winners were RHAT, JOYG, and GOOG, with CTXS in at number five. The losers were JDSU, SNDK, and ESRX.
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