Replies to post #10316 on 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.

[blasher]

Yesterday stocks slipped for the fourth day in a row, after the Fed minutes offered no new hints that another round of quantitative easing would be coming anytime soon. Investors also continued to digest the latest moves out of Europe. Yields for Spanish 10-year bonds, which have hovered around the perilous 7% level in recent weeks, fell to 6.59% Wednesday. The U.S. trade deficit stood at $48.7 billion in May, coming in just slightly below expectations. The implied volatility little changed.
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