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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

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Nov 5 4:00 PM EST

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To: Johnny Canuck who wrote (51261)	1/28/2015 9:44:02 PM
From: Johnny Canuck	Read Replies (2) of 67677

Quick comments on tech stocks QCOM forming a sloppy symmetric triangle. It means it could break either way as trader are cautious. Poor guidance after hours may break it to the down side. IBM testing the low from December. It is holding for now by it is on a short, intermediate and .long term sell signal. No need to be a hero now. MSFT on a sell signal in all time frames. Earnings create all kinds of damage that will take months to repair. Intermediate sell signal confirmed on INTC. Long term trend is still up for now. Sloppy symmetry triangle on ORCL that is breaking to the down side. Expect more declines ahead unless this trend in reverse in the next few days. BBOX on a sell signal in all time frames. BBOX is an indication of demand for campus network products as they are a retailer and installer. Sector looks like it is bad and end demand weak. CSCO echoing defensive attitude in network sector as it confirmed an intermediate sell signal today. Contractor manufacturer JBL indicating end demand may be weak across a number of sectors as it is on a short and intermediate sell signal and at best only a modest up trend long term. CLS, another contract manufacturer showing the same trend as JBL. AMAT on a short and intermediate sell signal with the long term trend still up. KLIC setting new high on earnings beat. KLAC showing another side of the business as it is on an intermediate sell signal. While end demand for the Fab capacity seems good as TSM sets a new high. MCHP signaling automotive electronic end demand is weak signalling potential weakness for car manufacturers. LLTC indicating not all semiconductor and consumer products are created equal and it consolidates near the high but is establishing a short, intermediate and long term sideways channel. LLTC makes analog products such as voltage regulators to go into every electronic product.

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