I have been reviewing this past weeks action of the stocks in the Group. Well over half of them show the constant down trend for the first 4 days of the week, but then a good "turn around" on Friday. AMAT, KLAC, NVLS and TER all show this characteristic as well as stocks like ASML, BRKS, CMOS, CYMI, KLIC, LRCX, VECO and UTEK. Several others in the group also show evidence of the Friday turn around.
Also, the SP-500, DJ-30, and to some lesser degree the NASDAQ, showed a good "up day" on Friday.
It would seem that Monday could be a very key day in determining the flavor of market direction next week. Does Friday's trend continue, or will we see a pullback?
Don |
