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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (51533)	3/30/2011 6:12:16 PM
From: Jacob Snyder	2 Recommendations Read Replies (1) \| Respond to of 95383

The market doesn't want to go down...yet. We've recently had 3 events that could have caused the 10%+ correction I've been waiting for: 1. oil soaring, Arab revolutions 2. Japan earthquake, nuclear meltdown 3. sovereign debt problems in all the developed economies These, all together, caused only a 7% correction in SPX (1344 to 1249), followed by a sharp rebound. We're now almost back up to new bull market highs. Stocks are ignoring bad news. The business press is starting to talk about the end of QE2 in June; that's the only upcoming event I can think of, which might drive stocks down. Since the March 2009 low, the sectors to be in, have been energy, tech, basic materials/commodities. The laggards have been consumer staples, health care. As a bull market gets old, those two sectors (defensive), are supposed to outperform, and it isn't happening yet. I am stubbornly sticking to my plan: covered my shorts on May 17, and am currently 55% cash, 45% long stocks (mostly energy, some pharm and KLIC). I have no orders to add to long positions. I have many orders to sell long positions at prices 5-20% above current prices. I'll sell my KLIC at $10, start shorting at $10.50. Also have orders to start shorting airlines and solars at higher prices. I still intend on being out of all long positions, if the SPX hits 1500.