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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32273)	5/16/2001 3:24:40 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68461

Dow 10872.97 -4.36 (-0.04%) Nasdaq 2085.58 +3.66 (+0.18%) S&P 500 1249.44 +0.52 (+0.04%) 10-Yr Bond 5.480% +0.064 NYSE Volume 1,071,858,000 Nasdaq Volume 1,711,414,000 EPC=0.75 Still have an indeterminate signal on the COMPX and SOX. Looking for move above 2098 on COMPX and 613 on SOX before looking at any long positions. SCMR and AMAT missed EPS numbers after the close. I expect pressure on SEMI EQUIP, SEMI, D-WDM and optical plays in face of weak demand. ****************************** Close Clearly, the Fed was the news of the day. The Fed lowered the fed funds and discount rates by 50bp with a unanimous vote. Also, it made a number of comments indicating additional rate cuts were likely. That seemed to be about the best case scenario, but after an hour of positive trading, the indices sold off dramatically in the last hour of trading. The market reaction was likely due to the fact that nothing in the announcement indicated the Fed sees a turn in the economy. RETAIL 8 +1.1% Edit Delete Compare SOFTWARE1 13 -0.8% Edit Delete Compare DSL 6 -0.3% Edit Delete Compare DWDM 21 -2.1% Edit Delete Compare Financials1 7 +0.3% Edit Delete Compare Carriers1 6 -0.8% Edit Delete Compare Telecom Construction1 5 -1.1% Edit Delete Compare networkers1 6 +0.1% Edit Delete Compare Contract Manufacturers 5 +1.1% Edit Delete Compare Telecom Equipment 18 -0.7% Edit Delete Compare Tier 2, D-WDM 17 +0.5% Edit Delete Compare Broadband Cable 1 8 -1.5% Edit Delete Compare DOW 10 +0.0% Edit Delete Compare XML 15 +1.3% Edit Delete Compare Internet Security 20 -0.1% Edit Delete Compare Supercoductors 5 -3.0% Edit Delete Compare Bull Sector-optical 84 -0.3% Edit Delete Compare Satellite Stocks1 3 +7.4% Edit Delete Compare Strong Stocks March 16 Correction 22 -0.2% Edit Delete Compare Biotechs 9 +0.6% Edit Delete Compare CHIP EQUIPMENT 13 +0.4% Edit Delete Compare CHIPS1 22 -0.0% Edit Delete Compare Clint's Financials 40 +0.5% Edit Delete Compare MEMS 2 -4.1% Edit Delete Compare April 11 strong stocks1 16 -0.4% Edit Delete Compare Day Traders 12 +1.4% Edit Delete Compare Genomics 9 +1.4% Edit Delete Compare Incubators 8 -1.3% Edit Delete Compare Internet Sector 14 +0.4% Edit Delete Compare Flat Panel Displays 4 -2.1% Edit Delete Compare E-Gaming stocks 4 +0.4% Edit Delete Compare Stocks pulling back on below avg vol 42 +0.3% Edit Delete Compare Bottoming List 10 -0.0% Edit Delete Compare Clint's Strong Stocks Sept Selloff 23 -0.7% Edit Delete Compare Drug Stocks 15 +0.2% Edit Delete Compare RTS Biotechs 13 +0.4% Edit Delete Compare Gigabit 35 +0.1% Edit Delete Compare Dec 1 Rev. Leaders 37 +0.4% Edit Delete Compare Mata Market World 83 +0.2% Edit Delete Compare Telecom Software 4 -3.5% Edit Delete Compare**