So the long awaited major Tech earnings are on tap for tomorrow, lets look at the Nasdaq Futures chart where the bulls and bears have a case, but this 4 month long trend channel may prove to be just another buying opportunity:
As far as some Tech earnings focus for tomorrow:
Facebook - A few things to watch:
Analysts expecting earnings of $1.39 a share on sales of $17.34 billion, compared with earnings of 91 cents a share and sales of $16.89 billion a year ago (FactSet)
Wall Street expects the company to grow its total monthly member base to 2.63 billion from 2.6 billion in the first quarter.
The average target price is $257.81, which implies 12% upside to Tuesday’s closing price of $230.12.
