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

To: Johnny Canuck who wrote (52470)	6/23/2016 9:36:47 AM
From: E_K_S	Read Replies (1) \| Respond to of 69307

Started a position in Cypress Semiconductor Corporation (CY) thinking this is a sector ready to move higher. LRCX, KLAC and AMAT(are at/near all time highs). Since they supply the manufacturing and testing equipment, it's just a matter of time for the new equipment to be installed and producing the next generation processors, memory and specialized chips. CY recently acquired Spansion Inc. (CODE) for $5Bln that now makes them one of the largest developers/manufactures of auto sensors/processors. It's a niche market w/ ok margins at 38%. The merged company now has a product mix of 40 % processors and 60% memory. My new position is still small and the 4.32% dividend is one of the better ones available in this sector. EKS

To: Johnny Canuck who wrote (52470)	6/24/2016 4:00:54 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69307

Given that the UK has voted to exit tomorrow is going to be volatile day. Expect large intra-day moves with potential quick reversals. Most of the talk going into the vote assumes a 'no' vote, but the 'yes' vote may either trigger a sell off for a few days or trigger a relief rally. SP500 within spitting distance of the previous high. A new confirmed high might trigger a continued rally once the effect of the UK exit effect has been absorbed. Same comment on DOW as SP500. DOW transports lower highs still indicating the current run of the DOW to the previous high is on shaky ground. COMPQ consolidating in a sideways pattern. No idea what the next direction will be. Russell 2000 need to set a new high and confirm to get traders interested in moving this index higher. Agriculture index bouncing at the mid-point of the current rally after the profit taking pull back. CORN now on a sell signal in all timeframe. A bounce tomorrow could negate that. An addtional move down will result in wholesale selling. Financials setting up for a potential intermediate buy signal. Energy moving sideways short term within a intermediate up trend. Again an new confirm high is needed to move traders off the sidelines. Gold in an intermediate sideways pattern. Utilities index still in an up trend but consolidating short term. Natural gas now at a strong resistance level.