Blood has let out from the major tech companies. We are going to have down market tomorrow. After the market close, (YHOO) and (INTC) both missed earning estimates.
(YHOO) down -12%
(INTC) down -8%
(IBM) down -2%
These stocks will have big influence on the market. (GOOG) is down -15 because of (YHOO), most of the semi are down because of (INTC).
The only good thing came out of the report is that these stocks are laggards. Hopefully the market will recover soon. I would get out of margin now. Wait for the dust settles first before getting back it later.
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