Its critical that we bounce here on a retest of the October lows. However, it seems highly doubtful given the geo-political situation and current economic conditions. If we can't put together a sizable rally over the next two weeks of Q2 earnings, we are going to fall into a full fledged bear market which will likely take us down another 300 -500 points from here.
We have a lot of big names reporting this week:
Tues AH: IBM, YHOO
Wed. AH: LRCX, MOT, AAPL, CTXS, EBAY, INTC, QCOM
Thurs. BTB: TZOO
Thurs. AH: AMD, BRCM, CERN, FFIV, GOOG, MSFT
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