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Tech Under Pressure This Morning After Oracle (ORCL) Comments
The market is under selling pressure in early trading, despite a relatively positive economic report. insert.a.chart.ORCL Last night, Oracle (ORCL) reported a so-so quarter, and made comments that its customers got a little more cautious at the end of its quarter. That started the selling in tech, and a report that showed Google's (GOOG) paid clicks didn't grow as fast as hoped for hit that stock as well. insert.a.chart.GOOG In economic news, Q407 GDP was left unchanged at +0.6%. Many feared it would be revised lower. But the consumer spending component was actually revised higher, and the inflation component was revised lower. So those are net positives. by Jordan Kahn, CFA (In The Money ) Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital. |
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