NASDAQ Technical Picture - Consolidation Day - Jul 17 2007 1:32AM

By: Wall Street Warrior Tuesday, July 17, 2007 1:32 AM

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Today was a consolidation day ahead of a big earnings week and options expiration on Friday. As can be seen from the intraday chart, despite a higher high midday, we had quite the swoon in the afternoon. The 15 minute timeframe seems to be setting up a Head & Shoulders Top, so don't be surprised if we see more selling tomorrow.

Earnings Preview for the rest of the week: Of the hundreds of companies reporting earnings the week of July 16th-20th some of the bigger names include: Tuesday: KO, JNJ, MER, STT, WFC, DTLK, INTC, PHHM, CHIP, YHOO...

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Research Related Stocks: ABT, ALDN, AMD, AMFI, AVCT, BAC, BBT, BLK, BRCM, BSX, CAL, CBST, CTAS, DOX, DTLK, FCS, FCX, FHN, GOOG, IGT, INTC, INVX, ISIL, JAZ, JBHT, JNJ, JNPR, JPM, JRC, KCI, KLIC, LOGI, MER, MGI, MOGN, MSFT, NLS, NVEC, NVLS, OXPS, PFE, PHHM, QEPC, QTWW, REV, SLB, SNDK, SPWR, STJ, STLY, STT, TER, UFPI, UTX, WB, WFC, XING, YHOO,

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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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Research Related Stocks: ABT, ALDN, AMD, AMFI, AVCT, BAC, BBT, BLK, BRCM, BSX, CAL, CBST, CTAS, DOX, DTLK, FCS, FCX, FHN, GOOG, IGT, INTC, INVX, ISIL, JAZ, JBHT, JNJ, JNPR, JPM, JRC, KCI, KLIC, LOGI, MER, MGI, MOGN, MSFT, NLS, NVEC, NVLS, OXPS, PFE, PHHM, QEPC, QTWW, REV, SLB, SNDK, SPWR, STJ, STLY, STT, TER, UFPI, UTX, WB, WFC, XING, YHOO,

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