Sharck Soup Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharck who started this subject	5/16/2001 12:50:31 PM
From: besttrader	of 37746

12:30 ET Dow +120, Nasdaq +21, S&P +11.71: [BRIEFING.COM] Not surprisingly, we're seeing hesitation mid-day with the Dow trading around the 11,000 level. In light of recent issues in the chip sector, the relative strength in semiconductors is notable. The SOX trades higher by 1.3% intraday despite an earnings warning out of leading chip equipment maker Applied Materials (AMAT +2.2%) last night. Additionally, Goldman Sachs came out negative on communications chips slapping a downgrade on Applied Micro Circuits (AMCC -2.7%), PMC Sierra (PMCS -1.7%) and Vitesse Semiconductor (VTSS -1.5%). The ability of the broader sector to trade higher in the face of these issues is a positive near term indication for the group. DJTA +0.3%... DJUA +0.3%... SOX +1.3%... XOI +0.6%... BTK +4.5%... Nasdaq 100 +1.9%... S&P Midcap 400 +0.8%... Russell 2000 +0.5%... NYSE Adv/Dec 1777/1160... Nasdaq Adv/Dec 1844/1643.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next