Friday, April 11, 2008
Is Bad News Already Priced In?
Premarket gainers: TZIX, PDLI, CVTX, FAST, CNTF, PRLS, AMGN, JBLU, LKQX, CEGE, NOEC, EXAC, and CTCM.
Premarket losers: GE, FRNT, FDRY, ZRAN, AKNS, GERN, PWER, WM, MELI, ESLR, STSA, VDSI, SOLF, SNDK, ARRS, ACPW, SPWR, FFIV, SNCR, BLK, PCOP, GRMN, INFY, and RIMM.
Along with more Fedspeak with Fisher this morning, at 10:AM we have the release of the consumer confidence index which is expected to fall once again. But, again, this day is all about GE and what impact its report and guidance will have on the market itself. Last night I drew a forming trend channel on the S&P 500 (see below) and that's what I'll be watching in this morning's weakness. Have a great Friday!