Receive Fresh Trading Ideas from OptionSmart.com Ahead of Opening Bell. Ride QQQQ (NASDAQ-100) Trends Using Advanced Trading Strategies.  The world's largest semiconductor company said it expects to report a lower revenue than expected. Most of the other major chip stocks also closed in the red. Many other high-profile tech stocks were weak as well. It will take several days to gather bullish momentum. 3:30 am ET NASDAQ Futures: -2.75 1236.75 
 Chip stocks led the tech advance. However, Apple sank 2% as the Macworld Expo kicked off in San Francisco. Amazon jumped 6%. The market is in waiting mode till Friday. 4:00 am ET NASDAQ Futures: -9.25 1261.75
 Apple rallied on news from Steve Jobs. Chip stocks rose after upgrades. Of the major Internet players, Google, Research in Motion and others posted healthy gains. We expect more upside later this week. 8:10 am ET, QQQQ pre-market price: 31.33 +0.31 +1.00%
 Apple and Amazon led the tech sector higher. Semiconductors also bounced back to gain 5%, despite a Semiconductor Industry Association report that November chip sales had fallen nearly 10%. Among other tech bellwethers, Google was exceptionally strong. 0:40 am ET NASDAQ Futures: -3.00 1250.00
 Google and Yahoo led the tech's advance. Microsoft and Dell were strong. In general, the tech sector outperformed the broader market. The advance comes amid light trading volume, though, suggesting a lack of conviction behind the move. Current (8:30 am ET) QQQQ pre-market price: 29.65 -0.09 -0.30%
 Advanced Micro Devices and Intel led the tech sector higher. Google and Microsoft were strong as well. However, Apple and Dell were in the red. 2:40 am ET NASDAQ Futures: +0.50 1206.50
 NASDAQ closed well off its session low in another round of light trading volume. Amazon declined 5% on profit taking. Apple was strong. The tech sector has very good chances to bottom out next week. 2:50 am ET NASDAQ Futures: +5.75 1181.25
 Amazon said 2008 was its best holiday season ever. Wal-Mart announced that it would begin selling the popular iPhone. Chip stocks were weak while while Advanced Micro Devices jumped 10%. 2:40 am ET NASDAQ Futures: -6.00 1182.50
 AMD set the pace for the sector leaders, rising 1.5%. Micron jumped 10% despite reporting a wider quarterly net loss. Other tech names finished in the red were Palm, Apple and Microsoft. 2:40 am ET NASDAQ Futures: 0.00 1180.00
 Among major tech players, Apple held onto earlier gain while many hardware makers were weak. Software maker Oracle also declined, while Microsoft closed the day up 1%. The tech sector needs a catalyst to move higher. 2:30 am ET NASDAQ Futures: -0.50 1184.00
 Palm rose 22% to close after the company announcement. The rest of the tech sector was very weak as a holiday-shortened trading week began. Major semiconductor equipment stocks were also in the red after downgrades. We expect more volatility this weak. 4:00 am ET NASDAQ Futures: +1.00 1198.00
 ORCL and RIMM led the tech sector higher. Other major tech players advanced, including Apple and Intel. Nevertheless, major Internet players were weak. It looks like the tech sector took a rest at the 50-Day moving average and needed a catalyst to move higher. 8:20 am ET NASDAQ Futures: +9.00 1220.00
 Micron jumped 20% as the company said it has developed a longer-lasting flash storage technology. Other semiconductors took a beating after Deutsche Bank painted a grim picture for the industry. Oraclу reported earnings in-line with estimates and added 3% after hours. Current (2:40 am ET) NASDAQ Futures: -8.75 1216.75
 Apple led the tech sector down after Tuesday's announcement that beginning in 2010, the company will no longer take part in the annual gathering in San Francisco. Many major tech players were in the red. Adobe Systems was down 2% after posting gains earlier in the day on the software maker's fourth-quarter results that met lowered expectations. Technically, the tech sector tries to find support at the 50-Day moving average. Current (1:00 am ET) NASDAQ Futures: 0.00 1228.50
 All major tech stocks saw gains in afternoon action. Intel was especially strong and jumped 7% om positive company news. Best Buy contributed to early-morning optimism by issuing better-than-expected earnings per share results and in-line guidance for 2009. The tech sector closed above the 50-day moving average. It is a very good sign, Current (2:50 am ET) NASDAQ Futures: -13.00 1228.00
 Apple fell after Goldman Sachs downgraded the computer giant to neutral from buy on weakening consumer demand. Other major technology players also staggered into the red. It looks like Fed ready to slash rates amid deepening recession. Investors await Fed rate decision later today. Current (2:20 am ET) NASDAQ Futures: -2.75 1192.25
 The Internet giants led the tech rally. Other major tech players posted healthy gains as well. However, Microsoft and Dell were very weak. We expect the tech sector will take every effort to penetrate the 50MA today or tomorrow. Current (0:30 am ET) NASDAQ Futures: +9.00 1224.00
 Tech stocks hammered as U.S. auto bailout falls apart. Many big tech names closed lower after networking equipment maker Ciena reported a loss and the latest jobless claims figures disappointed. Technically, the chart is showing weakness and inability to penetrate the moving average. Current (2:00 am ET) NASDAQ Futures: -41.75 1148.25
 Tech stocks managed to close with healthy gains with Yahoo leading the advancers. Other gains came from Microsoft, Dell and many others. Electronic Arts failed to join in the gains as the company issued a warning for its fourth quarter. In our opinion, the tech sector needs a catalyst to move higher. Cuurent (2:00 am ET) NASDAQ Futures: -4.00 1213.00
 Bellwether semiconductor companies advance in spite of a raft of earnings warnings from Texas Instruments and Broadcom. National Semiconductor rose more than 13%. The chipmaker said Monday that it would scale back its production due to a weak quarterly earnings and sales report. Novellus also said its fourth-quarter results would be below its current estimates. However, it looks like tech stocks shrugg off negative news and poised to extend recent gains. Current NASDAQ Futures: +13.00 1230.00
 Gains came from Apple, Microsoft, Dell and many other big tech names. Economic news was light Monday and will be until Thursday and Friday. Retailers will be in focus this week with the retail sales report due out on Friday. We expect the tech sector will fluctuate with the broader market. Current (2:00 am ET) NASDAQ Futures: -10.75 1201.25
 San Disk and Micron Technology set the pace for the tech advance. San Disk gained 14% after a rumor reported earlier in the week of another buyout bid. Micron was up 13%. Other major tech players posted healthy gains. We expect this bullish momentum to strengthen as investors as investors welcome Obama's comments. Current (2:00 am ET) NASDAQ Futures: +31.25 1209.25
 AMD warned that it expects to report a decline in its quarterly sales. The company said the lower outlook reflected weaker-than-expected demand, especially in the consumer market. Amazon jumped 5% on upgrade. However, it seems bad news are already priced in. Current (0:10 am ET) NASDAQ Futures: -0.25 1134.75  The semiconductor sector rose 7% as Marvell added 20% after the chip maker swung to a profit. Research In Motion rose 4% despite the company issuing an earnings and revenue warning. Major tech stocks posted healthy gains. After hours, Adobe issued a disappointing outlook and fell 7%. Current (2:00 am ET) NASDAQ Futures: -15.75 1140.25  The tech sector closed solidly higher on positive company news and strong buying interest. Yahoo jumped 7% on talk about a potential new bidder. Semiconductors recovered to gain 1%. Other major tech companies advanced as well. The outlook for technology stocks, and the market overall, has improved. Current (0:10 am ET) NASDAQ Futures: -6.25 1126.75 |
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