Earnings

Yahoo met expectations and IBM beat expectations after the bell today. I expect the Nasdaq to react positively to this. We've been waiting for some good news for a while and this might be good enough to get people buying again. With another huge list of companies reporting tomorrow, there won't be any big rallies. Oil also isn't as overbought anymore so it might bounce back from the two down days.

Intel, eBay, Qualcomm are a few big names that will be reporting tomorrow.

compq071806, originally uploaded by elmer_tang.