The market in greens today as all indexes advanced, especially the DOW helped by Altria and GM. But the bulls are not cheering yet because volume is weak.

IBM reported earning this afternoon and numbers are good. Tech heavyweights yahoo and Intel report tomorrow and will set the tone for the tech sector. Also, Peabody Energy reports before the bell tomorrow. It will set the tone for Hot Coal industry.

Oil and gas up on tropical storm Wilma.

Avian flu may have reached Europe. Keep and eye on the severity. It may impact the market if it gets worse.

Overall the market is still bearish until I can see the earnings from Yahoo and Intel can lift this market with heavy volume.

This entry was posted on Monday, October 17th, 2005 at 9:34 pm and is filed under Market Recap, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.