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


To: Johnny Canuck who wrote (32406)5/22/2001 10:59:57 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 70169
 
Dow 11305.77 -32.15 (-0.28%)
Nasdaq 2312.40 +6.81 (+0.30%)
S&P 500 1312.57 -0.26 (-0.02%)
10-Yr Bond 5.378% -0.008
NYSE Volume 395,056,000
Nasdaq Volume 835,782,000

Gap open at 2319 on COMPX followed by profit taking. Low of morning 2297. COMPX system still on sell. Weekly chart indicates a buy signal. No reason for convern unless COMPX breaks 2240.

Market Outlook
Economic Hope Floats
By:Adam Martin
Stocks are up and down this morning as traders engage in some profit taking after five sessions of rallying. Both the DJIA and Nasdaq are above levels that have been psychologicial ceilings for some time, and analysts are now talking about resilience in the market. There is some fear that part of yesterday's strength may have been short covering, since there was really no news that could have sparked he tech rally, but traders seem to feel that good things are on the horizon for the economy, and the Fed rate cuts will have things turned around by the second half of the year. Recent successful IPO's are another sign that the bulls are back in town, and investors are encouraged by that as well. Trading volume is high, a sign that the bulls are indeed back in town. Traders will probably be looking to economic reports for ideas about what's to come in the second half of the year more than short term numbers.


RETAIL 8 +1.2% Edit Delete Compare
SOFTWARE1 13 +0.1% Edit Delete Compare
DSL 6 +2.0% Edit Delete Compare
DWDM 21 +2.4% Edit Delete Compare
Financials1 7 +1.7% Edit Delete Compare
Carriers1 6 -0.6% Edit Delete Compare
Telecom Construction1 5 +1.5% Edit Delete Compare
networkers1 6 -0.6% Edit Delete Compare
Contract Manufacturers 5 -1.0% Edit Delete Compare
Telecom Equipment 18 +0.8% Edit Delete Compare
Tier 2, D-WDM 17 +1.6% Edit Delete Compare
Broadband Cable 1 8 +2.6% Edit Delete Compare
DOW 10 -0.5% Edit Delete Compare
XML 15 +0.3% Edit Delete Compare
Internet Security 20 +1.0% Edit Delete Compare
Supercoductors 5 +3.2% Edit Delete Compare
Bull Sector-optical 84 +0.8% Edit Delete Compare
Satellite Stocks1 3 +0.3% Edit Delete Compare
Strong Stocks March 16 Correction 22 +0.4% Edit Delete Compare
Biotechs 9 -0.5% Edit Delete Compare
CHIP EQUIPMENT 13 +0.3% Edit Delete Compare
CHIPS1 22 -0.0% Edit Delete Compare
Clint's Financials 40 +0.6% Edit Delete Compare
MEMS 2 -1.0% Edit Delete Compare
April 11 strong stocks1 16 -0.2% Edit Delete Compare
Day Traders 12 +0.2% Edit Delete Compare
Genomics 9 -0.5% Edit Delete Compare
Incubators 8 +3.9% Edit Delete Compare
Internet Sector 14 +0.7% Edit Delete Compare
Flat Panel Displays 4 +3.6% Edit Delete Compare
E-Gaming stocks 7 +1.1% Edit Delete Compare
Stocks pulling back on below avg vol 42 +0.4% Edit Delete Compare
Bottoming List 10 +1.5% Edit Delete Compare
Clint's Strong Stocks Sept Selloff 23 +0.0% Edit Delete Compare
Drug Stocks 15 -1.0% Edit Delete Compare
RTS Biotechs 13 -0.7% Edit Delete Compare
Gigabit 35 +0.2% Edit Delete Compare
Dec 1 Rev. Leaders 37 +0.6% Edit Delete Compare
Mata Market World 83 +0.2% Edit Delete Compare
Telecom Software 4 +3.0% Edit Delete Compare
Oil Drilers - Deep Water 6 -0.8% Edit Delete Compare

Symbol Price Change Volume Bid/Ask Day Range
ADCT 10.51 0.09 (+0.86%) 5,053,200 10.51 - 10.52 10.40 - 10.85
ADTN 29.00 0.47 (+1.65%) 43,600 29.00 - 29.11 28.75 - 30.00
AFCI 24.05 0.01 (+0.04%) 626,900 24.05 - 24.10 23.50 - 24.25
ALA 31.11 0.06 (+0.19%) 1,408,100 30.70 - 31.15
AMAT 57.45 -0.07 (-0.12%) 6,279,800 57.43 - 57.49 57.00 - 58.49
AMCC 26.39 -0.10 (-0.38%) 7,825,500 26.37 - 26.31 25.25 - 27.30
ANAD 24.74 -0.23 (-0.92%) 204,700 24.70 - 24.74 24.62 - 25.38
ANDW 18.17 -0.03 (-0.16%) 107,200 18.17 - 18.18 17.96 - 18.31
ANN 38.23 -0.09 (-0.23%) 182,300 38.00 - 38.50
AOL 57.90 1.30 (+2.30%) 12,846,800 56.74 - 58.51
APAT 10.81 0.08 (+0.75%) 5,000 10.82 - 10.87 10.55 - 10.88
ASYS 14.09 0.39 (+2.85%) 139,000 14.05 - 14.17 13.80 - 14.50
AVCI L 13.77 0.07 (+0.51%) 731,700 13.77 - 13.78 0.01 - 14.12
AVNX 18.25 -0.13 (-0.71%) 1,441,700 18.15 - 18.23 18.00 - 19.20
AXP 45.48 0.49 (+1.09%) 1,646,800 45.14 - 45.60
BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12
BKHM 5.80 0.45 (+8.41%) 429,200 5.70 - 5.80 5.45 - 5.83
BRCD 53.39 0.13 (+0.24%) 7,519,800 53.38 - 53.39 51.50 - 55.25
BRCM 47.06 0.08 (+0.17%) 4,892,300 46.99 - 47.10 45.70 - 48.13
CIEN 65.65 4.86 (+7.99%) 17,807,900 65.64 - 65.65 63.75 - 66.17
CMGI 5.64 0.16 (+2.92%) 4,650,000 5.63 - 5.64 5.56 - 5.93
CMTN 3.92 0.40 (+11.36%) 541,700 3.92 - 3.93 3.55 - 4.00
CNXT 10.42 0.06 (+0.58%) 966,900 10.42 - 10.44 10.06 - 10.65
COVD 1.39 0.00 (+0.00%) 1.40 - 1.42
CPWR 11.54 -0.25 (-2.12%) 1,146,500 11.54 - 11.59 11.38 - 11.79
CS 20.30 0.10 (+0.50%) 849,600 20.14 - 20.88
CSCO 23.39 0.52 (+2.27%) 71,571,300 23.38 - 23.39 23.00 - 24.13
CYMI 33.72 0.45 (+1.35%) 118,200 33.73 - 33.93 33.30 - 34.09
DIS 33.83 -0.45 (-1.31%) 2,246,800 33.72 - 34.15
DITC 14.55 0.22 (+1.54%) 76,100 14.55 - 14.59 14.40 - 14.71
EXDS 9.52 -0.07 (-0.73%) 3,687,600 9.52 - 9.55 9.15 - 64.76
EXTR 38.24 -1.26 (-3.19%) 2,470,200 38.18 - 38.25 37.50 - 40.00
FDRY 21.58 -0.47 (-2.13%) 2,152,100 21.60 - 21.61 21.15 - 22.25
FDX 40.43 -0.18 (-0.44%) 346,800 40.40 - 40.75
FFIV 13.58 1.42 (+11.68%) 415,900 13.57 - 13.58 12.25 - 14.00
GE 52.29 -1.11 (-2.08%) 5,607,400 51.70 - 53.20
GLM 27.99 0.02 (+0.07%) 948,400 27.84 - 28.15
GLW 23.37 0.72 (+3.18%) 6,583,400 22.71 - 23.70
GPS 34.00 0.05 (+0.15%) 1,559,400 33.70 - 34.20
HEII 7.71 0.08 (+1.05%) 12,900 7.64 - 7.83 7.62 - 7.75
HIFN 19.10 -0.05 (-0.26%) 44,100 19.02 - 19.18 19.00 - 19.92
IBI 16.27 0.07 (+0.43%) 166,300 15.80 - 16.30
INKT 8.46 0.44 (+5.49%) 2,873,800 8.45 - 8.46 8.07 - 8.70
INTC 29.94 0.04 (+0.13%) 14,108,500 29.93 - 29.94 29.50 - 30.43
IOM L 2.99 -0.49 (-14.08%) 3,966,500 2.80 - 3.30
ITWO 27.49 0.39 (+1.44%) 4,434,700 27.49 - 27.50 26.69 - 27.99
JBL 37.73 -0.02 (-0.05%) 1,136,000 36.75 - 38.25
JDSU 23.35 -0.15 (-0.64%) 18,548,300 23.34 - 23.36 21.80 - 24.21
JNJ 99.55 -1.08 (-1.07%) 979,100 99.51 - 100.64
JNPR 57.94 1.41 (+2.49%) 9,932,600 57.85 - 57.86 57.00 - 59.50
KOPN 12.86 0.83 (+6.90%) 986,600 12.86 - 12.89 11.88 - 12.92
LU 9.61 -0.29 (-2.93%) 8,394,400 9.55 - 10.15
MCDT 39.51 1.25 (+3.27%) 991,700 39.51 - 39.68 38.64 - 40.65
MER L 70.50 1.55 (+2.25%) 3,292,600 7.00 - 70.50
MERQ 73.55 -0.66 (-0.89%) 1,409,800 73.49 - 73.56 71.70 - 75.19
MONI 12.20 0.26 (+2.18%) 78,900 12.12 - 12.25 11.95 - 12.25
MOT 16.56 0.02 (+0.12%) 2,755,000 15.62 - 16.90
MRVC 12.55 -0.35 (-2.71%) 1,656,000 12.55 - 12.60 11.85 - 13.21
MRVL 30.60 -0.48 (-1.54%) 1,365,000 30.51 - 30.60 29.95 - 30.64
MSFT 69.53 0.74 (+1.08%) 14,316,400 69.51 - 69.53 69.25 - 69.85
MTZ 16.84 0.46 (+2.81%) 38,500 16.50 - 16.90
MWD 74.69 2.01 (+2.77%) 3,297,000 72.91 - 74.80
NE 47.50 -0.52 (-1.08%) 626,100 47.50 - 48.05
NEWP 40.90 0.12 (+0.29%) 1,089,300 40.86 - 40.96 39.71 - 42.00
NT 15.00 -0.20 (-1.32%) 6,833,100 14.75 - 15.50
NUFO 15.45 0.85 (+5.82%) 1,969,700 15.45 - 15.48 14.55 - 15.95
NVLS 57.47 -0.62 (-1.07%) 2,143,500 57.39 - 57.40 57.00 - 58.70
ONIS 35.65 1.57 (+4.61%) 3,732,000 35.66 - 35.79 34.70 - 36.29
OPWV 44.24 4.58 (+11.55%) 4,730,000 44.19 - 44.20 41.20 - 44.41
PHTN 31.01 1.03 (+3.44%) 111,400 31.01 - 31.13 30.05 - 31.21
PMCS 42.43 -1.05 (-2.41%) 3,865,200 42.41 - 42.48 41.75 - 44.20
PSFT 42.37 -0.71 (-1.65%) 2,730,800 42.37 - 42.38 41.50 - 43.30
Q 38.78 0.11 (+0.28%) 1,399,800 38.30 - 38.99
QCOM 69.41 -1.58 (-2.23%) 4,185,800 69.42 - 69.45 62.25 - 70.66
RFMD 35.29 -1.31 (-3.58%) 2,866,600 35.30 - 35.31 35.10 - 37.00
RIG 56.81 -0.62 (-1.08%) 923,200 56.80 - 57.60
RMBS 11.74 0.25 (+2.18%) 1,422,500 11.74 - 11.75 11.40 - 12.00
RNWK 14.43 -0.45 (-3.02%) 1,765,900 14.42 - 14.43 14.00 - 15.67
SCH 21.40 0.65 (+3.13%) 2,643,800 21.00 - 21.50
SCMR 0.00 -11.50 (-100.00%) 4,266,800 0.00 - 12.44
SDC 38.84 -0.13 (-0.33%) 106,600 38.50 - 39.10
SEBL 53.53 -1.44 (-2.62%) 6,649,800 53.52 - 53.53 53.39 - 55.32
SHOO 15.60 -0.25 (-1.58%) 18,100 15.60 - 15.64 15.59 - 15.79
SONS 32.23 0.61 (+1.93%) 2,121,800 32.22 - 32.27 31.79 - 32.80
SUNW 22.47 -0.49 (-2.13%) 25,098,500 22.47 - 22.50 22.33 - 23.57
SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85
TDW 49.90 -0.93 (-1.83%) 176,900 49.90 - 50.51
TER 45.92 -1.27 (-2.69%) 770,100 45.90 - 47.21
TLAB 42.20 0.23 (+0.55%) 1,563,000 42.15 - 42.20 41.35 - 42.50
TQNT 28.29 0.03 (+0.11%) 1,751,300 28.25 - 28.29 28.08 - 29.15
TXCC 18.30 0.06 (+0.33%) 1,157,100 18.29 - 18.30 17.80 - 18.95
UTEK 23.06 0.17 (+0.74%) 106,700 23.02 - 23.10 22.52 - 23.20
VERT 2.63 -0.06 (-2.23%) 414,600 2.60 - 2.63 2.53 - 2.75
VTSS 35.21 -0.28 (-0.79%) 1,999,100 35.17 - 35.17 34.35 - 36.91
WIND 25.32 0.91 (+3.73%) 689,900 25.21 - 25.25 24.46 - 25.50
YHOO 22.04 0.54 (+2.51%) 7,698,900 22.02 - 22.04 21.50 - 23.07