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Reply #44: pre-open blather [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 08:24 AM
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44. pre-open blather
9:15AM: S&P futures vs fair value: -4.8. Nasdaq futures vs fair value: -7.0. Negative bias persists in pre-market trading, still suggesting a lower open for the cash market... In addition to the unexpected decline in Mar. durable orders weighing on sentiment, worries about slowing profit growth - due in large part to's disappointing quarter - have also contributed to the lack of early buying interest

9:00AM: S&P futures vs fair value: -3.5. Nasdaq futures vs fair value: -4.5. Stage remains set for the cash market to open lower, as futures indications still trade below fair value... Meanwhile, earnings within the Energy sector (i.e. COP, KMG, AHC, BHI, DO) continue to impress, but uncertainty within the Semiconductor group continues to linger, following a Q1 earnings miss from STMicroelectronics (STM) and lowered guidance from Japanese chipmakers NEC and Fujitsu
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