Saturday, December 20, 2008

Moved higher on upbeat forecasts from ORCL and RIMM

ORCL and RIMM led the tech sector higher. Other major tech players advanced, including Apple and Intel. Nevertheless, major Internet players were weak. It looks like the tech sector took a rest at the 50-Day moving average and needed a catalyst to move higher.
8:20 am ET NASDAQ Futures: +9.00 1220.00