Despite exceptionally strong earnings from Apple Tuesday, the market was unable to build on that momentum today, but held in well after yesterday’s big move. A bounce in financials helped contain the damage. Tonight’s notable technology earnings from F5, Qualcomm, Ebay, and Intel are all under pressure, but the S&P500 seems to be holding up well after a post close dip regarding US debt discussions.
We are very likely to see news out of Europe overnight. There are also many economic numbers set to release from different countries in Europe and the China PMI tonight. If there are no landmines overnight, we can expect the bulls to try again tomorrow.
