Semiconductor Equipment Stocks.
Hi Jan. Too bad no one has a separate bullish percentage chart for
this group. For fun, I dropped the equipment stocks below into a DWA
portfolio hoping to develop my own chart by going back to the daily
activity changes. The problem is that I can only see back to July
13th from my seat. If you can see further back from the box seats,
you may want to play around with this. When this group turns up, in
conjunction with a market move up, we could see some spectacular
results. Novellus is already under strong accumulation, but
one stock does not make a sector and one sector does not make a
market. Speaking of markets, I'm calling the move up from June 15th
the wedgy rally. A few strong stocks trying in vain to pull up the
rest of the market.
With only 30 stocks to work with and only a few weeks time frame, I
came up with a bullish percentage chart using 1% boxes and letters to
designate the days.
25%
24
23 J E July 13, KLIC gives a sell signal
22 X F July 17, UTEK & LRCX give buy signals
21 X X G July 23, LRCX stalls and gives a sell signal
20% X O I H July 24, PRIA goes south and retests 14%
19 X O X I July 30, KLAC,AMAT & EMKR break out
18 O X O X J July 31, VECO finally gives a buy signal and
17 O F G X joins the party.
16 O X O X
15% O X O X
14 E H
13
12
11
10%
I know that a small 30 stock group is a stretch, but with this groups
potential, it needs an indicator. If you come across another 30 or 40
semi conductor equipment stocks, please send them my way.
Take Care,
duke60
AEIS,AGAI,AMAT,ASMLF,ASTSF,ASYT,ATRM,BRKS,BTUI,CFMT,EGLS,EMKR,ETEC,
FEIC,FSII,GSNX,IPEC,KLAC,KLIC,LRCX,MTSN,NVLS,PRIA,QSYS,SFAM,SMTL,
SVGI,TGAL,UTEK,VECO |
