KLIC week-trading (a slightly less disreputable activity than day-trading):
% change: 11/08 lo to 1/09 hi, to 3/09 lo, to today's hi:
SPX.. +27%, -29%, +14%
SOX.. +41%, -20%, +17%
AMAT +50%, -30%, +30%
ASML +48%, -25%, +19%
KLIC +107%,-50%, +37%
The stock's 50dma is $1.59, near today's high. Attempted moves above that moving average, in January and February, failed (this continues a pattern going back to July 2007). The lows of 3/09 ($1.15) and 11/08 ($1.11) are similar. The fact that KLIC didn't set a new low this month, while the S&P500 did, is quite bullish for KLIC (and semis in general). 10% daily moves, and 50% monthly moves are routine for KLIC.
KLIC sell signals:
1. above 200dma ($3.77, and falling fast)
2. above January high, $2.30
3. above February high, $1.80
4. 50% upmove off last lows ($1.72 = 50% above $1.15)
5. above 50dma ($1.59, has stopped falling)
6. fails to make a daily higher high
Trading KLIC is about the only profitable thing I've done in the last 6 months.
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