Wednesday, October 17, 2007

NASDAQ Technaical Picture - Testing Gap Support

Will INTC and YHOO earnings get buyers back in?

Companies moving in after hours trading in reaction to earnings: Trading Up: YHOO +8.9%, INTC +4.9%, CHB +2.4%, STX +1.5%... Trading Down: WBMD -12.4%, BONT -11.1%, EXFO -5.8%, IBM -1.4%, RLRN -1.0%... Companies moving in reaction to news: Trading Up: NFI +2.9% (agrees to sell mortgage servicing rights in a move to reduce debt), BRLC +2.1% (denies intellectual property infringement claims by Funai), BMY +1.8% (confirms FDA approval of IXEMPRA, for the treatment of advanced breast cancer).

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