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

To: pcyhuang who wrote (53960)	9/29/2011 9:28:18 AM
From: Return to Sender	3 Recommendations Read Replies (1) \| Respond to of 95531

The world is getting smaller all the time isn't it. I will be honest in telling you that I agree Briefing.com could do a better job of sharing information about the entire world but since it's concise and for me free so I won't complain too much about what they do share. This is one of the first things I check in the morning. The Briefing.com market overview update which gives some highlights of what has happened overnight in other markets throughout the world and a forecast of what the opening of the US Markets may be like: Market Overview *09:05 am* : S&P futures vs fair value: +18.90. Nasdaq futures vs fair value: +37.70. Oil prices were clipped for a 3% loss yesterday, but they are up 1.2% to $82.22 per barrel this morning. In an extension of their 2% decline during the prior session, natural gas prices are down 0.9% to $3.77 per MMBtu. The action precedes the latest weekly inventory report, which is scheduled for 10:30 AM ET. Precious metals are also mixed this morning. Specifically, gold prices are down fractionally to $1616 per ounce following a 2% decline during yesterday's pit trade. Meanwhile, silver prices are up 1.0% to $30.45 per ounce after a 4% fall during the prior session's pit trade. finance.yahoo.com You probably already know that the only service I actually pay for is StockCharts.com. The things I can do with their charts to help me determine where a stock or market is at are second to none. Leavitt Brothers also sends me a short e-mail from their free service list to let me know something about the world markets overnight: leavittbrothers.com Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up . South Korea gained 2.7% and India and Malaysia more than 1%. China dropped 1%. Europe is currently mixed, and not one index has moved more than 1% from its unchanged level. Futures here in the States point towards a solid gap up for the cash market. Everything about the market has remained the same. The overall trend is down, so that’s where my bias lies, but the indexes have been range bound the last 8 weeks, so we’ve needed to keep trades shorter term. Taking profits proactively as opposed to waiting for a trailing stop to get hit has been a good idea because otherwise chunks of profits are given back. It is still my belief a top is in place and a downtrend underway. Right now the indexes are trading within distribution patterns within those downtrends, and these patterns are likely to resolve in the direction of the trends. There are some who believe a Greek default is inevitable and is being priced into the market. This may be partially true, but in my opinion, the trend is down until it’s not. Per the lower Bollinger Band on the Monthly and the 2010 lows on the weekly and a measured move on the daily, I’m sticking with my 1000 price target for the S&P. The weekly is below. Today is a Jewish holiday…expect light volume. But if that's you thing then as they say a picture is worth a thousand words and StockCharts is worth far more than that. RtS