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Thursday, October 19, 2006

Can DOW and SOX Hold?


The DOW marched strongly and crossed the 12,000 mark within 15min of the opening bell yesterday. However, this strength faltered and DOW eventually closed below 12,000. Let's see whether it can closed above 12,000 today, depending on the latest batch of earnings, AMC yesterday & BMO today.


Semicon stocks continued its losing streak, two days in a row. Can the rising 50MA support the SOX? Or will AMD, which was down 9.4% AMC after reporting earnings (down on lower than expected margin) drag the semis further?


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