Ian Woodward's Investing BlogHigh Growth Stock Investing – Musings
The Market Indexes finished the week on a sour note, particularly in the last hour when they sold off heavily. Both Google and Caterpillar reported disappointing earnings. This suggests that the Markets may have more on the downside at the start of the week.
Six important things to watch going into this week:
- The DOW Transportation Index – Must hold at 5225 and bounce
- The Semiconductor Index (SOX)- Must hold at 535
- The Nasdaq 100 (NDX) – Must stay above 1995
- The Volatility Index (VIX) – Must come back down below 15.00
- The 10 Year Bond Yield – Must stay below 49.50
- GOOG, RIMM, AAPL and FSLR – Must hold with minor loss.
Earnings reports will play a big part in this week’s movements in the Market Indexes.It goes without saying that we need strong earnings reports to keep the Markets up.
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