Wednesday, May 17, 2006

Wednesday's Pre-Market

The market looks like it will open lower today. The devil in the market is "inflation fear". Before the CPI was announced it was up, then it went south after the CPI was higher than expected. There is no relief in sight unless the FED made some official announcements to the market to indicate the interest rate hike cycle is over.
(HPQ) announced better than expected result last night. It should have a good day for the stock and hopefully it may bring some support for the tech stocks.

Upgrades This Morning:
(SRT)
(SCHK)
(WTR)

Downgrades This Morning:
(NBIX)
(NCOG)
(CACH)

Most Active Stocks:
(QQQQ), (SPY), (IWM), (GLD), (AMAT), (NBIX), (NTES), (LOUD), (VTSS), (CBMX), (HPQ)

Stocks are Up:
(IAO), (LTXX), (AXJ), (GLE), (OLAB), (LTON), (MNG), (CBMX), (GNBT), (ONXX), (SMSI), (HMY)

Stocks are Down:
(VTSS), (CELL), (MRGE), (NBIX), (ESCL), (XMSR), (QCOM), (PEIX)

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