most interesting stock market in my memory
interest rates are hurting Dow stocks, if any
the Dusty Dow stocks lack one critical element -- strong growth
one might conclude a mild recession for non-tech stocks and a boom in tech stocks, quite the incongruous development, or is it?.. in revolutions, the old guard is displaced
big deal today, Naz selling off
NazComp had a breakout week, establishing new highs
with Russell2 making new highs this week, got confirmation
I noticed several fave smallcaps up today, while largecaps dropped
so what? Cisco came all the way down to 130, but up for week
Microsoft can eat shit; their software is shit
on QCOM, we have an "inside week" technically
lows were no worse than last week (perhaps 3/4 lower)
highs were not quite 140, less than last week
this is a green light signal to the pros
they look for a signal that the stock "wont get any cheaper"
they got it
interesting ratios on this QCOM correction
from 180 down to 110, and recovered 50% to mid/high 140's
lost 3/8 back down to 132, where we sit
we are now showing zero potential energy in the chart
we are "resting" with reduced volume
we are sitting within a couple points of the 20day Moving Avg
we are just above the 50day MA
a couple up days and we mark a MACD crossover
we now are displaying an upchannel lower boundary linking 110 and 132 in the last three weeks
we have a real live event next Thursday with analyst meeting
I recall the last big one was Nov2-4 timeframe with HDR demo
I will be happy with 25% the impact on our stock price this time
what a dull week, just what I needed
/ Jim |
