Replies to post #49034 on ajtj99's Market Pulse

[Justa Werkenstiff]

Yes, overbought on a short term basis...days. Looks oversold on weekly basis for sure. Depends on your time frame.

[The Freep]

<<Especially in view of the strong earnings reports in this one of the weakest quarters of the year.>>

Isn't that a matter of interpretation? ERTS not strong. MMM not strong. KLAC guided down. Etc. Etc. Oh, and MSFT said something, but no one ever knows what. <g>

As usual, there are some strong reports (oils and banks come to mind), but I wouldn't call this a particularly stellar quarter, nor did I see tremendous guidance for the second half.

the freep