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

To: Johnny Canuck who wrote (32596)	6/4/2001 10:55:03 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70712

Dow 10964.12 -26.29 (-0.24%) Nasdaq 2142.16 -7.28 (-0.34%) S&P 500 1258.70 -1.97 (-0.16%) 10-Yr Bond 5.324% -0.030 NYSE Volume 214,563,000 Nasdaq Volume 414,343,000 COMPX above 50 day EMA at 2140, but SOX below 50 day EMA at 624. ************************** Market Outlook When Greenspan Talks, People Listen By:Adam Martin Stocks had a healthy open this morning with the major indexes glowing a healthy green, but shortly dipped into negative territory in light trading. Over the weekend, Fed Chairman Alan Greenspan said although he and his team are keeping a close eye on the economy should things change, but at the moment he's not worried about inflation. That may ease convince traders that another rate reduction is sure to take place in June, and on a day with little else to go on, that bit of news might be enough to nudge the market to the green side. Last month we saw a great deal of new stock flooding the market, but not much new money coming into play, so liquidity is down. In spite of that, there's buying in several sectors including tech and energy. RETAIL 8 -0.6% Edit Delete Compare SOFTWARE1 14 -1.0% Edit Delete Compare DSL 6 -0.9% Edit Delete Compare DWDM 21 -0.0% Edit Delete Compare Financials1 7 -0.6% Edit Delete Compare Carriers1 6 -0.5% Edit Delete Compare Telecom Construction1 5 -0.7% Edit Delete Compare networkers1 6 -0.2% Edit Delete Compare Contract Manufacturers 5 -0.4% Edit Delete Compare Telecom Equipment 18 -0.3% Edit Delete Compare Tier 2, D-WDM 17 +1.0% Edit Delete Compare Broadband Cable 1 8 -1.1% Edit Delete Compare DOW 10 -0.5% Edit Delete Compare XML 15 +0.3% Edit Delete Compare Internet Security 20 -2.8% Edit Delete Compare Supercoductors 5 +0.6% Edit Delete Compare Bull Sector-optical 84 -0.4% Edit Delete Compare Satellite Stocks1 3 +0.9% Edit Delete Compare Strong Stocks March 16 Correction 22 -0.4% Edit Delete Compare Biotechs 9 -0.6% Edit Delete Compare CHIP EQUIPMENT 13 -1.6% Edit Delete Compare CHIPS1 22 -1.5% Edit Delete Compare Clint's Financials 40 -0.1% Edit Delete Compare MEMS 2 -8.0% Edit Delete Compare April 11 strong stocks1 16 -0.9% Edit Delete Compare Day Traders 12 -0.9% Edit Delete Compare Genomics 9 +1.6% Edit Delete Compare Incubators 8 -0.3% Edit Delete Compare Internet Sector 14 -0.7% Edit Delete Compare Flat Panel Displays 4 +1.5% Edit Delete Compare E-Gaming stocks 7 -1.2% Edit Delete Compare Stocks pulling back on below avg vol 42 -0.4% Edit Delete Compare Bottoming List 10 -0.0% Edit Delete Compare Clint's Strong Stocks Sept Selloff 23 -1.1% Edit Delete Compare Drug Stocks 15 +0.0% Edit Delete Compare RTS Biotechs 13 +0.6% Edit Delete Compare Gigabit 35 -1.0% Edit Delete Compare Dec 1 Rev. Leaders 37 -1.1% Edit Delete Compare Mata Market World 83 -0.7% Edit Delete Compare Telecom Software 4 -2.3% Edit Delete Compare Oil Drilers - Deep Water 6 +3.3% Edit Delete Compare Symbol Price Change Volume Bid/Ask Day Range ADCT L 7.90 0.06 (+0.77%) 3,041,600 7.90 - 7.91 0.08 - 8.05 ADTN 26.28 -0.27 (-1.02%) 16,800 26.27 - 26.31 26.15 - 26.72 AFCI 19.06 0.17 (+0.90%) 266,800 19.00 - 19.06 18.65 - 19.59 ALA 25.50 0.00 (+0.00%) 228,500 25.35 - 25.97 AMAT 49.89 -1.43 (-2.79%) 3,837,800 49.90 - 49.91 49.75 - 51.75 AMCC L 18.93 0.25 (+1.34%) 2,265,300 18.91 - 18.92 0.03 - 19.15 ANAD 18.22 -0.78 (-4.11%) 138,700 18.18 - 18.25 18.00 - 19.15 ANDW 18.31 0.06 (+0.33%) 732,800 18.28 - 18.30 18.05 - 18.53 ANN 34.68 -0.62 (-1.76%) 271,700 34.50 - 36.00 AOL 51.85 -0.90 (-1.71%) 2,410,700 51.85 - 52.69 APAT 9.60 0.00 (+0.00%) 9.80 - 9.94 ASYS 10.70 0.80 (+8.08%) 46,500 10.61 - 10.70 9.95 - 10.95** AVCI 10.56 0.38 (+3.73%) 415,600 10.54 - 10.59 10.41 - 10.85 AVNX 12.40 -0.40 (-3.13%) 276,200 12.40 - 12.41 12.40 - 13.01 AXP 42.18 -0.20 (-0.47%) 632,500 42.00 - 42.72 BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12 BKHM 6.15 0.02 (+0.33%) 48,800 6.15 - 6.19 6.11 - 6.25 BRCD 38.47 -0.33 (-0.85%) 2,301,600 38.47 - 38.52 38.25 - 40.14 BRCM 33.52 -0.25 (-0.74%) 2,717,300 33.52 - 33.53 32.97 - 34.67 CIEN L 54.79 -0.02 (-0.04%) 3,502,900 54.71 - 54.79 0.05 - 56.20 CMGI 4.43 0.04 (+0.91%) 817,500 4.41 - 4.43 4.39 - 4.64 CMTN 3.73 0.03 (+0.81%) 153,900 3.73 - 3.76 3.72 - 3.89 CNXT 8.50 -0.19 (-2.19%) 461,400 8.50 - 8.51 8.44 - 8.99 COVD 1.39 0.00 (+0.00%) 1.40 - 1.42 CPWR 10.77 -0.34 (-3.06%) 679,900 10.77 - 10.78 10.75 - 11.27 CS 19.19 0.09 (+0.47%) 166,000 19.07 - 19.30 CSCO 19.23 0.38 (+2.02%) 18,991,700 19.22 - 19.23 19.01 - 19.55 CYMI 29.59 -0.26 (-0.87%) 38,700 29.56 - 29.66 29.54 - 30.05 DIS 31.37 -0.35 (-1.10%) 468,800 31.30 - 31.75 DITC 8.17 0.17 (+2.13%) 245,000 8.15 - 8.17 8.01 - 8.20 EXDS 7.89 -0.10 (-1.25%) 1,052,300 7.89 - 7.90 7.81 - 8.17 EXTR 29.82 -0.48 (-1.58%) 860,200 29.82 - 29.88 29.70 - 31.19 FDRY 17.71 -0.30 (-1.67%) 544,700 17.71 - 17.77 17.66 - 18.46 FDX 40.25 -0.60 (-1.47%) 140,700 40.15 - 40.60 FFIV 11.27 -0.04 (-0.35%) 26,500 11.22 - 11.35 11.10 - 11.60 GE 49.00 0.00 (+0.00%) 2,136,900 48.91 - 49.35 GLM 26.30 0.78 (+3.06%) 588,000 26.22 - 26.65 GLW 19.28 0.00 (+0.00%) 1,313,600 19.26 - 19.85 GPS 30.23 -0.71 (-2.29%) 840,000 30.06 - 30.70 HEII 9.60 0.59 (+6.55%) 32,400 9.60 - 9.70 9.10 - 10.00 HIFN 18.39 0.19 (+1.04%) 3,500 18.21 - 18.39 18.21 - 18.39 IBI 14.93 -0.31 (-2.03%) 49,000 14.93 - 15.05 INKT 9.97 -0.11 (-1.09%) 780,200 9.97 - 9.99 9.75 - 10.39 INTC 28.20 -0.54 (-1.88%) 12,529,100 28.20 - 28.21 28.11 - 29.20 IOM 2.61 -0.02 (-0.76%) 209,700 2.61 - 2.66 ITWO 0.00 -20.23 (-100.00%) 2,297,100 0.00 - 21.11 JBL 29.01 0.66 (+2.33%) 471,300 28.01 - 29.10 JDSU 17.05 -0.24 (-1.39%) 5,972,600 17.05 - 17.06 17.00 - 17.86 JNJ 98.50 0.50 (+0.51%) 757,600 97.90 - 98.74 JNPR 43.82 1.03 (+2.41%) 8,278,200 43.84 - 43.85 41.50 - 45.34 KOPN 9.96 0.02 (+0.20%) 165,000 9.98 - 10.03 9.80 - 10.40 LU 7.90 -0.09 (-1.13%) 2,913,800 7.83 - 8.07 MCDT 31.01 -0.99 (-3.09%) 178,300 31.05 - 31.15 31.01 - 32.10 MER 63.76 -0.24 (-0.38%) 768,700 37.47 - 37.80 63.70 - 65.20 MERQ 58.74 -1.41 (-2.34%) 720,300 58.75 - 58.82 58.70 - 61.60 MONI 10.22 0.22 (+2.20%) 182,500 10.20 - 10.22 10.18 - 10.37 MOT 14.25 -0.03 (-0.21%) 942,400 14.24 - 14.60 MRVC 10.36 -0.14 (-1.33%) 505,700 10.35 - 10.36 10.27 - 10.98 MRVL 23.85 -0.06 (-0.25%) 163,800 23.80 - 23.90 23.20 - 24.38 MSFT 69.94 -0.40 (-0.57%) 6,942,100 69.94 - 69.95 69.80 - 71.00 MTZ 16.66 0.05 (+0.30%) 12,900 16.65 - 16.70 MWD 64.14 -1.06 (-1.63%) 762,500 64.01 - 65.38 NE 43.26 1.31 (+3.12%) 549,600 43.00 - 43.95 NEWP 32.35 0.27 (+0.84%) 402,200 32.35 - 32.36 32.13 - 33.50 NT 13.50 0.09 (+0.67%) 2,001,500 13.41 - 13.75 NUFO 9.83 0.02 (+0.20%) 543,700 9.79 - 9.82 9.72 - 10.05 NVLS 49.03 -1.37 (-2.72%) 1,594,000 49.09 - 49.10 48.80 - 50.74 ONIS 32.27 -0.30 (-0.92%) 271,300 32.21 - 32.27 32.10 - 33.35 OPWV 40.30 -0.07 (-0.17%) 1,345,200 40.31 - 40.39 40.06 - 41.56 PHTN 31.01 -0.64 (-2.02%) 16,800 31.01 - 31.15 31.01 - 31.35 PMCS 32.22 0.14 (+0.44%) 1,461,100 32.25 - 32.32 31.99 - 32.89 PSFT 42.36 0.44 (+1.05%) 2,173,300 42.36 - 42.40 41.75 - 42.95 Q 36.67 -0.24 (-0.65%) 583,000 36.40 - 37.15 QCOM 60.78 -0.81 (-1.32%) 2,197,400 60.77 - 60.78 60.56 - 63.15 RFMD 24.75 -2.08 (-7.75%) 2,379,500 24.77 - 24.79 24.20 - 27.00 RIG 54.77 1.37 (+2.57%) 843,700 54.00 - 55.40 RMBS 10.55 -0.42 (-3.83%) 858,200 10.55 - 10.56 10.50 - 11.07 RNWK 11.22 0.22 (+2.00%) 706,200 11.22 - 11.28 11.00 - 11.40 SCH 18.26 -0.13 (-0.71%) 497,100 18.26 - 18.70 SCMR 10.87 -0.64 (-5.56%) 1,867,100 10.86 - 10.88 10.80 - 11.69 SDC 38.39 1.65 (+4.49%) 180,000 37.50 - 38.77 SEBL 45.46 -0.42 (-0.92%) 2,838,600 45.41 - 45.42 45.11 - 47.51 SHOO 17.15 0.90 (+5.54%) 78,800 17.12 - 17.18 16.36 - 17.27 SONS 27.95 0.18 (+0.65%) 876,300 27.90 - 27.99 27.77 - 28.60 SUNW 16.40 -0.23 (-1.38%) 6,155,500 16.38 - 16.39 16.34 - 17.00 SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85 TDW 47.96 1.21 (+2.59%) 177,300 47.25 - 48.35 TER 40.60 -1.15 (-2.75%) 304,100 40.50 - 42.50 TLAB 34.02 -0.94 (-2.69%) 1,122,400 34.02 - 34.04 33.99 - 35.66 TQNT 17.87 -0.44 (-2.40%) 475,000 17.80 - 17.85 17.63 - 18.58 TXCC 13.25 -0.25 (-1.85%) 230,000 13.22 - 13.24 13.21 - 13.78 UTEK 19.58 -0.17 (-0.86%) 107,600 19.58 - 19.60 19.56 - 20.20 VERT 2.11 -0.03 (-1.40%) 114,900 2.10 - 2.11 2.05 - 2.20 VTSS 24.48 -0.56 (-2.24%) 1,318,800 24.44 - 24.45 24.16 - 25.50 WIND 22.78 0.04 (+0.18%) 52,200 22.75 - 22.77 22.67 - 22.84 YHOO 19.62 0.16 (+0.82%) 5,364,300 19.61 - 19.64 19.50 - 20.50

To: Johnny Canuck who wrote (32596)	6/4/2001 6:17:45 PM
From: Return to Sender	Read Replies (3) \| Respond to of 70712

11:49AM Cypress Semi (CY) 21.99 +0.39: At this point, there are at least two things that shouldn't surprise investors. First, it shouldn't be a surprise to hear that a semiconductor company is warning of an earnings shortfall, and secondly, it shouldn't be a surprise to see the stock of the offending company trade higher on the heels of a warning announcement. That is the fortunate fate of Cypress Semiconductor today as the market continues to discount the likelihood that business can only get better given how bad it is now. Need some added insight into how bad business is? Consider these comments from CY: its WAN and SAN segments, which account for roughly 50% of revenue, are "practically dead" in the current quarter, suffering from both slow end demand and high inventory; its Wireless Infrastructure and Wireless Terminal segments, roughly 30% of revenue, aren't likely to resume growth until Q4 as inventory levels remain high; and its Computation segment, which comprises approximately 20% of revenue, has stalled. CY did note that it believes the Computation segment is still likely to strengthen in 2H01. In the meantime, though, CY is warning that Q2 revenues will be in the $175-$185 mln range and that earnings before goodwill will be in the breakeven to $0.02 per share range (consensus is $0.03). The company's prior revenue expectation, which was set after a Q1 warning in April, was $200-$210 mln. For reference purposes, it will behoove you to know that CSCO, LU, ALA, IBM, INTC, NT, COMS, ARW and MOT are among CY's customers. In FY00, the latter two companies accounted for 18% and 10.9% of total sales, respectively. As for CY's competition, it includes the likes of ALTR, AMCC, IDTI, NSM, TXN, VTSS, PMCS and XLNX. Frankly, none of the aforementioned stocks are reacting too negatively to CY's warning; many, in fact, are trading higher. That type of reaction is often deemed to be a good sign by the market as it would suggest the worst is over for these companies. Briefing.com would agree that is true, but we would hasten to add that there has been no convincing evidence from CY, or others, that business activity will be picking up in material fashion anytime soon. Hence, we remain cautious on committing new money to the semiconductor stocks at this time.-- Patrick J. O'Hare, Briefing.com