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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (118503)12/8/2000 11:32:27 AM
From: Jenna  Read Replies (1) | Respond to of 120523
 
<Update> 15 minute and 5 minute NQ's (nasdaq 100 future contracts) are worsening on both charts. they have been moving down since the SPIKE HIGH at 10:00 (very important) because the stocks did NOT take out the 10:00 high and many retreated from there. RATL, MANU were the only long plays that looked decent and held up while some of the earnings plays we posted also held up. I don't we will necessarily move much lower, but there are opportunities on the long side opening up as some stocks are filling in parts or some of morning gap ups leaving room for possible new rallies in the late part of the session (2:00 - 3:30)

Another small area of concern are stocks like JPM, NTRS moving lower in a rallying market.

However the strong survive better weaklings crumbled at least for the short term so far: ONIS, ANEN, EPNY, AKAM, NUFO, all triggered shorts in the first reversal period. SCMR is weakening and some blimps are in consolidation.