AT 5:00 in the after hours, the following stocks are up: 27.43 1.48 (5.70%) MSFT 26.70 0.18 (0.68%) INTC 42.41 1.61 (3.95%) BRCM 91.20 0.46 (0.51%) IBM All those worries about higher interest rates....gone! All those who are short are gonna be hurt big time tomorrow. How do you say.........SQUEEZE!!!!!!!!!!
I don't want to upset you but higher interest rates often accompanied last phase of bubble before crash so higher interest rate is not incompatible with stock continuing higher in that case. This is logical see http://www.elitetrader.com/vb/showthread.php?s=&threadid=31603&perpage=6&pagenumber=5 And see my signature of course.
Hey....I don't want to upset you....but I am a Daytrader...and I already nailed them all....I could care less where they go from here...interest rates can come and go as they please...I will play the market one day at a time...if the trend is up one day and down the next....I just go with the trend....never fight the trend! If I were swing trading or longer term trading, I might have cause for concern....but I am closed out and waiting for the next move...no matter where it goes.
AMZN was the tail that wags the dog today, and the stock is trading a dollar under the day-session close. Sure MSFT is up, but who cares? Net-net, a non-event for tomorrow.