Oracle stunned markets after the close with a poor report missing its own projections. This is just another in a series of tech disappointments that will become harder to shrug off no matter what bulls say.
Once again the powerful rally Tuesday was the result of the following factors: A broad cluster of DeMark 9 counts, arguably meaningless New Home Starts, a well-received Spanish bond auction and ideas that the Fed is ready to backstop any too big to fail companies. That's it. Have a great evening.
Let's see what happens.
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