Good morning, Jerry!
What a difference one week makes! Now we have you kicked off
the weekend convo, let me add my one cent (you still got 4c? :))
I was pretty confident a week ago that the market would rebound
because tech generals were OS at the time and we got some external
events to swing the market directions. I don't see it now. Sure,
people are again feeling bullish after yesterday's late rally,
however, I feel somewhat like a bull trap. Your OEX stratege may
work because you are nimble and has nerves to sit on big loss
in the wild market actions.
To me, owning stocks is a way to go at the moment. Sure we may
get blindsided by analysts or even company warnings, but given
a longer time frame and good understanding of the sectors and
companies, one can survive this market better. Also a lot of
things one can do with stocks. I scanned through our little
watchlist and would like to share my technical view of these
stocks. Oh, jerry, do you mind emailing me those info you sent
to Judy and nancy? Thanks.
OK, the stocks one can flip on pullbacks to 13- or 20-emas
(or stocks in breaking out phase....mostly semi equip stocks):
AMAT, KLAC, KLIC, CYMI, AYST, LRCX, ORCL, SUNW and XYLN. NVLS,
SYBS and AMTX are close but should trade them with more caution.
The stocks that are hovering over 50ema and can go either way
(or the stocks that can go down big when the market tanks):
CSCO, COMS, CS, LSI, MOT, MSFT, NN, ASND, PFE, SEG, TLAB and
VSIO. My stratege would be selling puts when they go down
with the market or buy shares and put them to the backburner.
The stocks are basing nicely: GLX and HAL.
The stocks that are about to breakout: TLAB and WLA. One may
trade them big time if one feels the market is in the run.
The stocks show double-tops: ALTR, ATML, RIG, SYMC, TXN
and YHOO.
More later. Have a good weekend, everyone.
bigger risk but with |
