Stock Market Analysis – 07-23-2009
July 23, 2009 at 11:52 pm · Filed Under Broader Market
A strong price move with decent volume is bullish, but it definitely wasn’t breakout level volume. MSFT announced a weak quarter after the close though, so what the techs do tomorrow will be telling. MSFT is currently down almost 7% in the afterhours, and other techs are down in sympathy too. INTC is down a couple percent right now, even though they just had a breakout on a great earnings call a couple weeks ago. Expect the chances of a follow through day tomorrow to be a bit less than normal given the circumstances.
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