SOX is still a question mark. We need to see the 10 day ema cross above the 20 dma once again (501.80/502.58) and especially get that 503.60 marker back. All bets are off if we fail that test early on. At least we have end of quarter noise behind us and let's see what funds are buying now. A good one to watch will be INTC. Everyone made sure they had it off the books for Q1. Now the real play comes in. Earnings season is upon us and bulls need all the help they can get to offset rising rates. Many companies lowered expectations for Q2, so my guess is many will beat. They just better not lower guidance for Q3.
This entry was posted
on Sunday, April 02, 2006 at 10:37 PM.
