something to think about, with everyone looking at 4075/4100
close as breakout on naz, what would frustrate the most people ? a 4100 close or better that ends up being a headfake? maybe, maybe not, but that thought is in the back of my mind,is today too good to be true or do we keep climbing the wall of worry/ i personally think rande's time frame is right, we will continue to rally to end of next week, then somebody will miss earnings, or we will get bad inflation number, and the sentiment reverses real quick,
i am looking for short candidates when that happens, and rmbs is on top of my list right now, questions on performance for the price and patent lawsuits are clouding that picture, on a positive note, retail sales for june come out tomorrow and they are forecasting a .3% rise, you hear it here first , the numbers will be weaker than that!!
and that should boost the market for tomorrow, i also like qcom for long term, they have the technological advantage from what i read and the market sentiment is due to shift there, also think bout is low risk play here with earnings on the 19th |
