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John Furlan
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John Furlan has been familiar with financial markets for many of the past thirty years. Please contact him at
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  • CSCO Report After Close May Clarify QQQQ "Sell on News" Trend 0 comments
    Feb 3, 2010 9:52 AM | about stocks: CSCO, QQQ, XLK, ACWI

    Will be keeping a very close eye on QQQQ, XLK today, which have underperformed during the 2-day snapback rally.  So far "better than expected" 4Q tech earnings have been met with "sell the news."  How market reacts to CSCO's Chambers conference call today will be the next good clue for this key sector.  This chart shows the loss of global relative strength since the beginning of 2010 of XLK, tech sector etf, to ACWI, MSCI All Country World Index, my real-time proxy for global equities.

    Left click on chart to enlarge.

    Stocks: CSCO, QQQ, XLK, ACWI
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