Homebuilders in the Sweet Spot
Recent earnings in the tech space have left a lot to be desired, and have put the Nasdaq Composite and Nasdaq 100 in vulnerable positions. First it was IBM (IBM); then it was Google (GOOG). Who knows what Facebook (FB), Apple (AAPL) and Amazon (AMZN) will say this week, when all three are scheduled to report earnings? The market remains skeptical about Facebook's growth strategy going forward, and there have been big sellers in Apple since late September as investors have likewise questioned growth prospects here.
The good news is that several decent technical setups remain outside of the technology sector. The question is: Will fresh institutional money come in from the sidelines between now and the end of the year? Clearly third-quarter earnings season has been a big disappointment so far. Hopefully the headline flow will improve over the next few weeks....570 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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