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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Greg Paquette who wrote (255)4/19/1997 5:17:00 PM
From: donald sew   of 120523
 
Jenna,

Just found this thread - seems real good.

If you recall, I'm the TA with the different class buys. To stay in the parameters of this thread concerning good equities which have been beaten down I would like to mention certain sectors/indexes.

The BIOTECH INDEX(BTX) and the INTERNET INDEX(IIX) have really taken a beating and some of their components are doing well. I mention these 2 since for Monday they are CLASS 1 BUYS, technically per my system. If you recall, CLASS 1 buys normally move up within 3-5 days or less. The only problem now is that certain indexs are not responding well to these buy signals. On the other hand the sell signals are working fabulousLY in this market. Personally, I would stay away from IIX, it may need an act of god to get them moving up again.

Many of the stocks which have been mentioned here are very close to CLASS 1 BUYS but the technicals are not working well now for these smaller stocks. It strongly appears that most of the market still have their eyes set on the NIFTY-FIFTY/BIG STOCKS WITH GOOD EARNINGS & REPORTS.

By the way, MU is a CLASS 1 BUY for Monday; however the Semi-conductor sector(SOX) is not responding that well to the technicals either.

Seeya
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