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

To: j g cordes who wrote (36763)	4/15/2002 11:47:00 AM
From: Johnny Canuck	Respond to of 68086

>>I'm feeling the average investor as well as institutional >>managers aren't willing to commit long. I am thinking the same thing. I might take a trading break and come back at the end of June. Most of the key earnings will be over in 2 weeks.

To: j g cordes who wrote (36763)	4/16/2002 1:22:02 AM
From: Johnny Canuck	Respond to of 68086

Jim, Any idea how the out of the money calls options move with the stock price on RFMD? A majority of TXN earnings come from wireless. This matched with the positive pre-announcement with ANAD. Note the AHAA has pre-warned so this is not a sure thing. Nice base on RFMD was formed the last week or so. ************************** 17:46 ET TXN Texas Instruments (32.13 +0.33) -- Update -- On call, company says operating margin will increase in Q2 due to higher sales...maintains its cap-ex budget of $800 mln. Q1 was below forecast, but that should be made up later in the year...stock at 33.14. 17:44 ET TXN Texas Instruments (32.13 +0.33) -- Update -- On conference call, company says it is seeing positive signs for revenue growth. Book-to-bill was above one for each segment....Orders were up 20% sequentially....stock at 33.10. 16:34 ET TXN Texas Instruments beats by a penny; guides Q2 higher (32.13 +0.33) -- Update -- Reports Q1 (Mar) pro forma EPS of $0.01, a penny better than the Multex consensus of breakeven; revenues were $1.83 bln vs the $1.81 bln consensus. Company sees Q2 EPS of $0.06 and revenues of $2.0 bln, better than consensus estimates of $0.03 and $1.93 bln. 4:38PM TI beats Q1 targets (TXN) by Lisa Sanders Texas Instruments, which dominates the market for semicondutors used in wireless phones, reported first-quarter results ahead of expectations late Monday. Dallas-based TI (TXN) posted, on an operating basis, earnings of $24 million, or 1 cent a share, vs. $317 million, or 18 cents a share, in the year-ago period. Analysts polled by Thomson Financial/First Call were expecting TI to breakeven in the most recent quarter. The analysts also expected revenue to average $1.8 billion, up slightly from the $1.7 billion reported in the fourth-quarter of 2001. TI, which predicted revenue would be essentially flat from the fourth to first quarters, posted sales of $1.83 billion vs. $2.5 billion a year ago. Shares closed up 33 cents to $32.13 ahead of the announcement.

To: j g cordes who wrote (36763)	4/16/2002 2:20:32 AM
From: Johnny Canuck	Respond to of 68086

A worrisome trend developing. The number of stocks more than 2 channels above the 200 day SMA are now at 27.2 percent. This is slightly above the levels the market sold off from in Sept of 2000, Jan of 2001 and May of 2001. This is a confusing result in light of the oversold conditions on some stocks we are seeing as the market trades a range. The only thing I can think of is the the market has been trading a range for so long that the 200 day SMA is quite flat. As a result it is easier for a stock to trade above the 200 day SMA given the statistical daily range of the the stocks. Though given the low VIX reading, I am not sure that caution is still not advised.