"Goodmorning...As we finish off this shortened week, there have been a number of other earnings warnings in the software group, and a decent report coming out of GE. Overall the tone remains negative, and the short-term technicals have been bearish. Although the market is moving into oversold territory, the gap up this morning creates a negative risk/reward for long traders. Again, we encourage you to excercise patience and wait for a good pitch before taking a swing."
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