Tag Archives: SMH
A.M. Look 12/11/12
Goog…there are weekly stops under 682 with 678 the first fib support. 665–670 is a higher probability level to look for a bounce. PCLN…619 was last qtr’s close. Below here we’re looking for the low 590’s. AAPL…nothing has changed. Closing … Continue reading
General Comments
After some panic buying this A.M. our upper tgt’s were hit in the EWZ, close enough in the TBT, and to the tick in the 30 yr. Futures. We’re looking to Buy hard breaks in Risk assets and Sell hard … Continue reading
Afternoon Comments
BKX…held support @ 48 which matches up with the GS low of 112.77. Both these instruments need all new weakness under these levels for downside. SOX & SMH…both are trying to put in ORH days. JJG…for very long term investors, … Continue reading
Looking Good
We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading
Market tells
Copper…38050 is the 200 day, a close below should be deemed negative price action given the double top in the Spu’s. SMH..a close below 33.98 in this ETF puts in an ORL day which is price negative the board. OIL..hit it’s … Continue reading
XLF…SMH… 11/8/10
XLF 15.55 was our short term upside price target However, XLF continues on a short term buy signal as long as there is no close below 14.45 For now, we have no higher upside Weekly cycles show only a good … Continue reading