The watchlist did pretty well, consider this 10% run in the last couple of weeks in trading days, the overall market, 6-month highs. I know it could have gone either way, most of the earnings are superior to the revenues. Meanings all of the analysts numbers are low, but companies are using cost cutting to blowout these numbers the analysts are giving them. Looking at the Revenue side the are either flat or missed.
Looking for the market to take some profits off the table going into the weekend, look for a slight lower close to flat. BIDU will announce earnings today, so if you have a profit take it off the table and keep the powder dry.
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Friday, July 24, 2009
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