Tuesday, April 22, 2008

22/4 Pre-Open

Major Indices:
-cci coming down - almost exit point if below 100
-however, 34EMA is slight uptrend - hence, still uptrend

Major News:
1. MCD beat by 0.11
2. T in-line
3. TXN gave in-line forecast but have higher inventory levels.
4. Home Sales fell 2%, inventory increase

Interesting:
1. CPO beat - what they do btw?