DayTrading QQQ Swings (QQQ)

[blasher]

Yesterday stocks showed weakness as worries about corporate earnings falling short of expectations unnerved investors. Tech stocks added pressure to already-down markets after Applied Materials and Advanced Micro Devices both warned their revenue would fall short of forecasts. Overall, analysts are expecting underwhelming Q2 results, with earnings dropping off compared to Q1. However, with the bar set so low, stocks may benefit from companies beating expectations. Meanwhile, China reported worsening year-over-year import growth early Tuesday. June growth came in at 6.3%, half of May's 12.7%, pointing to weak demand.