Thursday, July 23, 2009

Quick Read - MSFT and AMZN

Microsoft and Amazon earnings are out and neither look good enough. Microsoft missed revs by a mile. Amazon was just OK. Both stocks are trading down.

Broadcom looks genuinely better than expected and it's trading down as well.

Tech is going to need another great existing home sales number tomorrow. Either that or the techs are heading lower. Short term only.

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