David Fry's Market Outlook for Wednesday

I wouldn't say, at least when viewing the NASDAQ, that 6 points higher offsets 32 points down from a day earlier. But, hey, a bounce is a bounce. The DJIA average was much higher thanks to the attraction of big names, and more than undid yesterday's decline. But inside the numbers things weren't that rosy.

Volume was heavy, but advances and declines were only impressive on the DJIA whereas other indexes were either flat or negative.

Overseas markets continue to do their thing, but are becoming noticeably more erratic.

We still have more earnings to dribble-out this for the duration of the week, and then that will just about do it. More economic data will push markets one way or another as usual. The big number will be first with energy inventories tomorrow, and then the all important employment data on Friday. It should all be interesting as usual.

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