In this uncertain market, predicting where it will move is the hardest thing to do.
Tomorrow's events:
Bank of America earnings.
As we have seen before lowered estimates are being easily beat by the financial stocks.
Bank of America may be no different, if they are able to beat 53 cent estimate the market will move higher, same happened with WFC, Citi and JPM.
But, what is unknown is that even with bad news such as losses financial stocks keep moving higher. Merill Lynch is a perfect example.
When market manipulation by the SEC and analysts exists you cant predict the market just based on human nature, there are other factors involved.
For now what we know is that: the dow futures for tomorrow are up by 10 points.
That is not a substantial number.
But, if reality sets into the market tomorrow we might see some profit taking or sell off.
Major earnings tomorrow: Schering-Plough and Apple Inc.
If Apple shows any sign of slow down after hours tomorrow, the NASDAQ should be down on July 22nd.
Tomorrow's events:
Bank of America earnings.
As we have seen before lowered estimates are being easily beat by the financial stocks.
Bank of America may be no different, if they are able to beat 53 cent estimate the market will move higher, same happened with WFC, Citi and JPM.
But, what is unknown is that even with bad news such as losses financial stocks keep moving higher. Merill Lynch is a perfect example.
When market manipulation by the SEC and analysts exists you cant predict the market just based on human nature, there are other factors involved.
For now what we know is that: the dow futures for tomorrow are up by 10 points.
That is not a substantial number.
But, if reality sets into the market tomorrow we might see some profit taking or sell off.
Major earnings tomorrow: Schering-Plough and Apple Inc.
If Apple shows any sign of slow down after hours tomorrow, the NASDAQ should be down on July 22nd.
No comments:
Post a Comment