Tuesday, July 18, 2006

NASDAQ Technical Picture

After carving out a lower low midday, we managed to close on a positive note heading into earnings, but they failed to impress and the NDX futures are down 6.5 points in AH. As I said last night we need big earnings from lots of big players otherwise we continue our journey south. YHOO is down almost 14% in AH for meeting concensus. Expect a lower open and a retest of today's lows in the early going tomorrow.

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