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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Boplicity who wrote (2386)10/31/2001 9:16:39 PM
From: t2  Read Replies (2) of 99280
 
Another interesting stock is KLIC, but it's at the top of it's channel and right at large resistance, but the gain today is out of place.

I would note that there has been positive news out of semiconductor companies--Intel yesterday but MORE importantly Micron today. MU is one of the most important indicators, imho. (I would call it a leading indicator)
Think it was the biggest gainer in the semis.

The semi capital equipment stocks are probably going along with the ride in the semiconductor stocks. I have noticed many positive comments out of those companies but none from capital equipment names...BUT these two subsectors are are linked to each other...sooner or later.

BTW--should be more comments out of the industry, tomorrow from the Prudential tech conference. I think the launch of Windows XP at least created a short term pick up in the semiconductor business late in the month and these companies might comment on that as they search for any positive news for their investors.
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