Clint,
The list of stock I would actual go long for a trade is pretty short right now.
AMAT and NVLS: test major support, perception of improving semi BTB.
AVCI: increase market share, modest 10 percent Q-Q guidance on rev, $2.89 per share cash after accounting for burn rate this Q, attempt to rally yesterday despite post-Fed sell off.
ISSI: failed attempted break out, looks to be consoldating for new attempt
MCDT: showing strength the last few days despite sell off in storage sector (flat trading)
MRVL: tested major support yesterday, demand for GigE products starting to ramp, perception that big ramp will come in Jaunary
RFMD: convergence of 200, 100, 50 SMA, positive OBV, wireless one of few growth sectors, fully booked to guidance next Q
SONS: one of few stocks that have increased forward guidance, trend of carrier to upgrade the voice system to next generation given that voice is where they are making money, it needs volume to confirm the reversal
For a scalp RFMD and MRVL are the only ones I would pick.
It looks like the oil services stock have resolved their oversold condition. I have no idea how far they run. |
