RtS, I just had to pick up on this comment from Briefing.com that you just posted.
<<4:20 pm : The market rebounded nicely in the wake of Monday's late day sell-off, as the absence of more strong economic data provided some relief on the interest-rate front and placed extra emphasis on another batch of better than expected earnings. As a result, the Dow closed at a fresh six-year high and eight of ten economic sectors posted gains.>>
Here is what happened to the Group, SOX and NASDAQ for yesterday and today. The Group is up slightly, but the SOX and NASDAQ are down - no joy there.
- GROUP
- 5/1 5/2 5/3 5/4 5/5
- PCT PCT PCT PCT PCT SUM
- PRC PRC PRC PRC PRC PCT
SYMBOL CHG CHG CHG CHG CHG CHG
SMTL 7 4 11.8
WFR 7 1 7.9
VECO 1 3 4.0
PHTN 3 1 3.5
CYMI 3 -1 2.1
ASML -1 2 1.8
EGLS 3 -2 1.1
UTEK -1 2 0.9
ASYT 0 0 0.6
CMOS -3 3 0.3
ATMI -1 1 0.3
TER -1 2 0.2
NVLS 0 1 0.1
LTXX 0 0 0.0
KLIC -3 3 -0.3
LRCX -1 0 -0.5
KLAC -2 1 -0.6
BRKS -3 3 -1.0
AMAT -2 0 -1.4
MTSN -1 -1 -2.1
COHU -2 0 -2.1
PLAB -2 -1 -2.2
FSII -6 2 -4.1
TOTAL 0 1 1.2
SOX-X -1 0 -0.6
COMPQX -1 0 -0.5
- SOX
- 5/1 5/2 5/3 5/4 5/5
- PCT PCT PCT PCT PCT SUM
- PRC PRC PRC PRC PRC PCT
SYMBOL CHG CHG CHG CHG CHG CHG
FSL.B 1 1 2.2
STM -1 2 1.7
XLNX 0 1 1.3
AMD -2 3 0.8
IFX 0 1 0.8
TSM 0 0 0.4
TER -1 2 0.2
NVLS 0 1 0.1
BRCM -1 1 0.0
LLTC 0 0 -0.5
KLAC -2 1 -0.6
ALTR -2 2 -0.8
TXN -1 0 -0.9
MXIM 0 -1 -1.2
MU -1 0 -1.3
AMAT -2 0 -1.4
INTC -2 1 -2.0
NSM -1 -1 -2.3
MRVL -2 -2 -3.9
TOTAL -1 0 -0.6
SOX-X -1 0 -0.6
COMPQX -1 0 -0.5
So, within the SOX and NASDAQ being driven down 0.6 and 0.5 percent for the last 2 days, we have LLTC, KLAC, ALTR, TXN, MXIM, MU, AMAT, INTC, NSM, and MRVL down 0.5, 0.6, 0.8, 0.9, 1.2, 1.3, 1.4, 2.0, 2.3, and 3.9 percent.
This performance takes place while the DOW closes at a six-year high and eight of ten economic sectors posted gains.
We are really following a "hot" sector right now - waiting for the 2H06 cyclic downside for the semi-equips to occur.
Remember the words "SLOWING GROWTH" - its a killer.:)
Don |
