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NASDAQ Technical Picture
By: Wall Street Warrior   Monday, July 28, 2008 1:20 AM

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The Nasdaq was up 1.33% at 2311, that was quite a bit better than the S&P +0.42% and the DOW +0.19%. Coal was the leader along with wireless and internet software. The laggards included Auto -4.0%; Printing -3.2%, Apparel and Accessories -2.5%.Volume was down about 20% on the session following Thursday's plunge lower. With oil off some $24.00 from the record high July 11th, it should start to retrace some of that loss soon.

Next week look for key economic data with GDP on Thursday and Jobs data on Friday. Key earnings from V and MA on Wed, and Thursday respectively, will give a better idea how the consumer is holding up. Other companies reporting this week include: Monday: KFT, TSN, AMGN, UHS, Tuesday: COH, HERO, MSO, MHP, NOV, X, UA, VLO, BBOX, BWLD, DWA,... Wednesday: GRMN, HES, HUN, AKAM, CLF, DRIV, ESRX, FSLR, SBUX, DIS... Thursday: AET, MO, AZN, CVC, DSX, D, EK, EXPE, XOM, GT, MRO, KLAC, MPWR, MNST, SGMS... Friday: BYD, CI, FE, JAVA.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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