I believe that the SC group is done for the time being, I now see CDTS going back all the way to the breakout point between $29 and $30, and SCON at least to the mid $40, with a strong potential of breaking it.. Things may change, but I bailed out of these two this morning, got $62 for SCON and $45 for CDTS (the last one is barely a profit, the former $5). The DD's still look alright, and the semis, well, they nay falter as well, but one need to watch AMAT to get an inkling on the whole group, IMHO.
Of course, if $40 and $45 or so hold for CDTS and SCON respectively, the story will change.
Zeev |
