However, I do think that there is improving trends at the margin especially after listening to DELL and CDWC last week. But there was plenty of not so rosy commentary from CSCO and A. Also, I believe that the SOX index which usually is a good leading indicator has not been very convincing except for AMD (I believe INTC is strong due to the large weighting in Nasdaq). We get a good mix of earnings this week and guaging what companies like WMT, HD, HPQ, NTAP, AMAT, INTU, ADSK, MRVL, MCDTA have to say will be important in determining how we position ourselves into the final month of the Year, which usually is seasonally strong. Unless the commentary this week is pessimistic (which I doubt), I believe the markets will continue the uptrend with the usual healthy small retracements.
I apologize for not being able to post for past few days.