Nice to hear from you Jacob. With the Fed doing its thing now and the mania returning, there are some possibilities. Technically there are four stocks that look very good right now and
depending on what happens tomorrow, I may be buying. Look at the attached
charts and make your own analysis. I would have posted the link with my trend lines but it won't let me.
I would advise listening to the SEBL conference call or reading someone's notes (sorry, no link). They still paint a pretty uncertain year. Very honest bunch though.
First QCOM:
stockcharts.com[l,a]dbclnymy[dc][pb50!b2
00!d20,2!b13!f][vc60][iLh14,3!La12,26,9!Lg!Lf!Lj[$SPX]]
Hoping to get in around $60 (current after hours). My target is 67-70. Heavy resistance at $60, so my purchase will depend on what happens
there, but I suspect we will bust through it. Stock needs to stay above 60.
INTC:
stockcharts.com[l,a]dbclnymy[dc][pb50!b2
00!d20,2!b13!f][vc60][iLh14,3!La12,26,9!Lg!Lf!Lj[$spx]]
Broke through resistance today nicely. My target is 38 with care needing to
be taken around 33. Stock needs to stay above 30.
MSFT:
stockcharts.com[l,a]dbclnymy[dc][pb50!b2
00!d20,2!b13!f][vc60][iLh14,3!La12,26,9!Lg!Lf!Lj[$spx]]
Target 72. Stock needs to hold 63.
SNDK:
stockcharts.com[l,a]dbclnymy[dc][pb50!b2
00!d20,2!b13!f][vc60][iLh14,3!La12,26,9!Lg!Lf!Lj[$spx]]
Target 47. Stock needs to stay above 24.25. This is probably the best risk
ratio of all of the selections.
The only problem I see here is that most of these are entering the
overbought Stochastic level...but as we have seen before, things can be
overbought and oversold for very long periods of time.
A generalized play on Semiconductors for me would be the Rydex Semi fund,
RYSIX. But the SOX index needs to stay above 624.
These are all TRADES. Sell limits AND loss limits need to be set and
executed to prevent the emotional thing from coming into place.
Comments appreciated. I suspect this to be a bear rally so this is still
dangerous stuff.
<H> |
