www.guerillastocktrading.com On Monday, August 16 2010 started out with bad news from Japan of a slowing GDP as weak growth in Japan added onto worries about the strength of the global economy. This negative news of a slowing down global economy was partially offset as tech stocks lead to the upside on the news that Dell is buying 3Par Inc. for $1.13 billion. Acquisitions are seen as a bullish indicator for a sector for two reasons: first, the company doing the buying means they have cash on hand or a credit line available that enables them to make the acquisition– second, the company being purchased by a larger company usually sees its stock spike as the purchase price of shares in the acquired company are made known. In this instance, Dell agreed to pay $18 per share for 3Par and the stock right away adjusted up to $18 for a quick 86% gain. Important fundamental economic reports to be released in the near future are: Aug 24 = Existing Home Sales Aug 25 = New Home Sales Aug 25 = Crude Inventories Aug 26 = Initial Unemployment Claims Aug 27 = GDP – Second Estimate Q2