TXN explains all

Last night, Texas Instruments (TXN) explained to the world why the NASDAQ was trailing the S&P 500.  The company guided to the lower end of it’s previous range – $0.22 to $0.24 vs previous estimates of $0.22 to $0.26 and a consensus of $0.24.  While not horrible, it’s not enough to power the NAZZDOG higher.  Coupled with the reports of lower DRAM pricing, I’m guessing that the QQQQs will trade sideways at best and will pull the S&P 500 lower, at worst. 

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