Wednesday, February 23, 2005

2/23 market watch

NQ still very weak. Even good CPI cannot make it up. My thought is that:
1. Big down already make the chart very ugly, and market sentiment very bearish.
2. Oil price back to high, so even current CPI low, future CPI will be bad.

Individual stocks:
1. GOOG acts like a dead dog for the whole day. But just 10 minutes before close it started to run with big volumn. It up around $3 in last 10 minutes, and continue up around $1 AH. Need close watch. Either some MM control it for future dumping or some fund is getting in. Not sure what's happening. It's more possible the latter case. If so, GOOG will go up from now. and it forms higher low and higher high. In this case, it will break previous high.
2. NVDA is very weak today. I guess it's related to one paid article "Hindsight on Nvidia Provides a Lesson".
3. Storage stocks get hammered today. NTAP down 1.17, QLGC down 2.06. QLGC, NVDA both present in Goldman Sucks Tech Investment Symposium today. They must have presented not so good forcast. NTAP will present tomorrow.
4. AAPL very strong after 3 losing days. It need break previous high of 90, or it forms double head.

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