6 replies to this topic

[hiker]

who here is betting on QQQQ moving below 43.48-.60/.66 minor horizontal zone this week? will dip buyers support it here? I am looking for a long reentry for a swing move...no long or short position at present QQQQ major H. support - 44.11, 42.88, 41.59 Resist - near term 44.45 (Thursday's bounce highs). stronger resistance (44.82 - 45.40). ------------ q's are of minor interest to me...tech sector is an under the bank fish to catch that is iffy...more iffy than other sectors to play short or long until some trend develops...the bears may exert more control in the near term but who knows? ----------- leading gainers today are far surpassed in no. by the leading losers today also shown below (showing all equities having .7% gain or loss...ranked in order of gain or loss some leading gainers today among rising trenders near or above the 52-week highs - delayed data - Name Symbol Last price Change Mkt cap Volume Open High Low P/E Thermage, Inc. THRM 10.40 +0.69 (7.11%) 236.65M 112,751.00 10.39 10.50 9.75 N/A Madeco S.A. (ADR) MAD 12.39 +0.59 (5.00%) 686.55M 5,200.00 N/A N/A N/A 28.16 ITC Holdings Corp. ITC 43.25 +1.59 (3.82%) 1.83B 55,900.00 N/A N/A N/A 52.11 LJ International, Inc. JADE 6.30 +0.22 (3.67%) 119.29M 464,164.00 6.05 6.76 6.05 23.35 Universal Stainless & Alloy... USAP 40.25 +1.25 (3.21%) 260.91M 71,285.00 39.76 40.48 39.31 12.90 iCAD, Inc. ICAD 4.18 +0.12 (2.96%) 154.25M 86,786.00 4.09 4.18 4.06 -22.00 Transcend Services, Inc. TRCR 4.40 +0.12 (2.80%) 34.50M 39,961.00 4.32 4.40 4.21 146.67 Fronteer Development Group Inc... FRG 10.27 +0.27 (2.70%) 615.04M 125,600.00 9.93 10.27 9.93 133.72 Emergency Medical Services Corp. EMS 24.48 +0.62 (2.60%) 1.02B 13,100.00 24.25 24.90 24.25 29.14 Malaysia Fund Inc. MF 7.93 +0.17 (2.19%) 76.82M 22,800.00 7.84 7.93 7.84 N/A Retail Ventures, Inc. RVI 19.98 +0.40 (2.04%) 942.82M 43,600.00 19.58 20.03 19.58 -7.71 The TriZetto Group, Inc. TZIX 20.21 +0.35 (1.76%) 874.18M 214,550.00 19.87 20.51 19.87 67.37 iShares MSCI Singapore Index... EWS 11.77 +0.17 (1.47%) 934.54M 819,700.00 11.85 11.85 11.68 N/A Macquarie Global Infr Total Rtrn... MGU 29.07 +0.41 (1.43%) 494.31M 10,900.00 N/A N/A N/A N/A Companhia Vale do Rio Doce (ADR) RIO 30.54 +0.42 (1.39%) 73.79B 926,700.00 30.46 30.63 30.37 11.93 Tata Motors Limited (ADR) TTM 22.04 +0.29 (1.33%) 8.44B 88,800.00 22.10 22.11 21.97 25.63 JPMorgan Chase & Co. JPM 49.37 +0.61 (1.25%) 170.90B 2.26M N/A N/A N/A 12.22 Banco Itau Holding Financeira... ITU 37.30 +0.45 (1.22%) 40.83B 109,800.00 37.31 37.41 37.18 18.11 Central European Media... CETV 84.02 +0.96 (1.16%) 3.42B 57,868.00 84.51 84.64 83.97 101.23 Forest Laboratories, Inc. FRX 55.46 +0.63 (1.15%) 17.57B 272,200.00 54.83 55.46 54.83 22.82 Yanzhou Coal Mining Co. (ADR) YZC 48.85 +0.52 (1.08%) 4.81B 13,700.00 48.90 48.99 48.77 13.45 Vodafone Group Plc (ADR) VOD 29.59 +0.31 (1.06%) 156.13B 439,500.00 29.50 29.61 29.46 -4.25 Millicom Intl Cellular SA (USA) MICC 68.33 +0.68 (1.01%) 6.87B 169,859.00 67.95 68.37 67.95 82.33 Angeion Corporation ANGN 16.19 +0.16 (1.00%) 58.78M 27,300.00 16.21 16.49 16.12 39.49 Lan Airlines S.A. (ADR) LFL 58.55 +0.56 (0.97%) 3.73B 1,500.00 58.60 58.60 57.99 25.45 Jones Soda Co. ( USA ) JSDA 13.39 +0.12 (0.90%) 340.29M 59,697.00 13.36 13.46 13.35 103.00 Eaton Vance Floating-Rate Income... EFT 19.14 +0.16 (0.84%) 713.81M 28,400.00 19.00 19.14 18.99 1.01 iShares MSCI Hong Kong Index... EWH 16.98 +0.14 (0.83%) 1.17B 283,600.00 17.02 17.02 16.97 N/A Las Vegas Sands Corp. LVS 105.35 +0.86 (0.82%) 37.33B 268,200.00 105.50 106.46 104.12 85.65 Biotech HOLDRS BBH 198.50 +1.60 (0.81%) 1.60B 45,000.00 198.00 199.30 198.00 N/A Sinclair Broadcast Group, Inc. SBGI 11.60 +0.09 (0.78%) 994.60M 38,003.00 11.56 11.70 11.52 35.15 AB Volvo (ADR) VOLV 69.92 +0.52 (0.75%) 28.28B 5,715.00 70.08 70.25 69.92 13.65 Ultrapar Participacoes SA (ADR) UGP 24.60 +0.17 (0.70%) 2.00B 3,700.00 24.58 24.76 24.50 15.47 -------- leading losers today among the rising trenders Name Symbol Last price Change Mkt cap Volume Open High Low P/E The Middleby Corporation MIDD 111.78 -3.75 (-3.25%) 887.57M 15,091.00 114.98 115.99 111.78 23.89 G-III Apparel Group, Ltd. GIII 21.91 -0.67 (-2.97%) 307.19M 27,706.00 22.60 22.60 21.72 31.75 Loral Space & Communications... LORL 41.88 -1.12 (-2.60%) 837.60M 8,897.00 43.14 43.14 41.71 N/A NBTY, Inc. NTY 45.18 -1.15 (-2.48%) 3.04B 46,700.00 46.40 46.40 45.01 27.89 Homex Development Corp. (ADR) HXM 58.40 -1.40 (-2.34%) 3.27B 61,900.00 N/A N/A N/A 26.79 Senior Housing Properties Trust SNH 25.50 -0.61 (-2.34%) 1.83B 42,200.00 26.09 26.09 25.49 30.73 Phillips-Van Heusen Corporation PVH 53.58 -1.12 (-2.05%) 2.98B 18,700.00 N/A N/A N/A 20.61 Cablevision Systems Corporation CVC 30.06 -0.60 (-1.96%) 8.78B 575,800.00 29.90 30.46 29.78 -250.50 Navistar International... NAV 40.21 -0.75 (-1.83%) 2.82B 207,800.00 40.96 40.96 40.01 10.61 CSK Auto Corporation CAO 16.73 -0.31 (-1.82%) 732.99M 9,400.00 17.02 17.02 16.73 26.56 CKE Restaurants, Inc. CKR 19.11 -0.35 (-1.80%) 1.33B 24,300.00 19.29 19.42 19.11 7.16 Silgan Holdings Inc. SLGN 46.10 -0.84 (-1.79%) 1.73B 23,598.00 46.81 46.79 46.00 17.93 Applica Incorporated APN 8.43 -0.15 (-1.75%) 210.71M 5,000.00 8.57 8.57 8.43 -13.38 Digene Corporation DIGE 51.20 -0.86 (-1.65%) 1.21B 126,242.00 51.80 51.94 51.05 134.74 Chattem Inc. CHTT 57.08 -0.95 (-1.64%) 1.06B 23,730.00 57.96 58.02 56.97 25.95 Akorn, Inc. AKN 6.10 -0.10 (-1.61%) 494.10M 16,300.00 6.10 6.10 5.97 -35.88 Time Warner Telecom Inc. TWTC 21.11 -0.34 (-1.59%) 3.00B 88,952.00 21.52 21.52 21.05 -25.75 The Gorman-Rupp Company GRC 39.86 -0.63 (-1.56%) 532.56M 4,800.00 40.60 40.60 39.86 26.75 Telenor ASA (ADR) TELN 60.05 -0.95 (-1.56%) 33.63B 29,455.00 60.34 60.45 60.05 50.04 SBA Communications Corporation SBAC 28.61 -0.44 (-1.50%) 2.99B 76,145.00 29.20 29.20 28.61 -18.70 China Eastern Airlines Corp... CEA 34.07 -0.50 (-1.45%) 1.66B 9,500.00 34.00 36.10 33.75 -27.48 Honda Motor Co., Ltd. (ADR) HMC 39.31 -0.58 (-1.45%) 71.69B 88,300.00 39.39 39.39 39.26 13.80 Ennis, Inc. EBF 24.86 -0.36 (-1.42%) 635.51M 4,500.00 25.15 25.15 24.86 14.80 Telecom Italia S.p.A. (ADR) TI 30.62 -0.44 (-1.42%) 77.87B 6,600.00 30.68 30.68 30.58 15.16 Honeywell International Inc. HON 44.65 -0.64 (-1.41%) 36.46B 254,800.00 45.07 45.07 44.63 18.15 Monsanto Company MON 53.55 -0.76 (-1.40%) 29.10B 158,500.00 54.41 54.41 53.53 42.50 HMS Holdings Corp. HMSY 17.75 -0.25 (-1.39%) 412.02M 12,937.00 18.31 18.31 17.75 65.74 Payless ShoeSource, Inc. PSS 33.38 -0.47 (-1.39%) 2.20B 29,900.00 33.78 33.79 33.36 23.34 ExpressJet Holdings, Inc. XJT 9.36 -0.13 (-1.37%) 506.97M 42,700.00 9.54 9.54 9.36 5.85 Sears Holdings Corporation SHLD 177.12 -2.40 (-1.33%) 27.26B 411,182.00 180.31 181.67 176.77 20.89 Nordstrom, Inc. JWN 54.32 -0.71 (-1.29%) 13.96B 121,300.00 54.81 54.81 54.30 23.12 Family Dollar Stores, Inc FDO 31.72 -0.41 (-1.28%) 4.81B 95,700.00 32.14 32.14 31.72 24.40 Terra Industries Inc. TRA 13.83 -0.18 (-1.28%) 1.28B 314,900.00 14.07 14.09 13.83 -47.69 Microsoft Corporation MSFT 30.74 -0.37 (-1.19%) 302.19B 7.81M 31.06 31.12 30.71 25.62 Advanced Magnetics, Inc. AMAG 64.80 -0.76 (-1.16%) 775.09M 36,558.00 65.64 65.95 64.68 -28.05 Vanda Pharmaceuticals Inc. VNDA 29.75 -0.35 (-1.16%) 651.74M 116,782.00 29.95 30.10 29.55 N/A Lockheed Martin Corporation LMT 96.17 -1.10 (-1.13%) 40.77B 144,000.00 97.28 97.28 95.97 17.78 Equity Lifestyle Properties... ELS 56.03 -0.63 (-1.11%) 1.33B 5,200.00 55.96 56.66 55.96 N/A PowerShares Aerospace & Defense... PPA 18.70 -0.21 (-1.11%) 127.16M 52,600.00 N/A N/A N/A N/A Shire plc (ADR) SHPGY 65.25 -0.72 (-1.09%) 11.15B 79,490.00 65.27 65.44 65.16 36.05 AMR Corporation AMR 40.22 -0.44 (-1.08%) 8.62B 1.50M 40.43 40.66 40.20 41.04 Thermo Fisher Scientific Inc. TMO 48.52 -0.53 (-1.08%) 19.78B 164,400.00 49.12 49.30 48.52 39.77 Northrop Grumman Corporation NOC 69.54 -0.75 (-1.07%) 24.02B 233,000.00 69.55 69.54 69.22 17.34 Oakley, Inc. OO 22.51 -0.24 (-1.05%) 1.55B 10,100.00 N/A N/A N/A 33.11 General Dynamics Corporation GD 78.71 -0.82 (-1.03%) 31.85B 126,600.00 79.34 79.34 78.63 17.26 Costco Wholesale Corporation COST 56.21 -0.56 (-0.99%) 25.42B 531,616.00 56.62 56.74 56.16 24.44 AXA (ADR) AXA 42.58 -0.42 (-0.98%) 79.69B 54,800.00 42.93 42.93 42.51 16.32 The McGraw-Hill Companies, Inc. MHP 68.44 -0.68 (-0.98%) 24.24B 62,900.00 N/A N/A N/A 29.25 Target Corporation TGT 61.76 -0.59 (-0.95%) 53.04B 654,500.00 62.35 62.48 61.76 20.72 The TJX Companies, Inc. TJX 29.75 -0.28 (-0.93%) 13.54B 445,000.00 29.97 30.01 29.52 17.40 General Cable Corporation BGC 43.98 -0.41 (-0.92%) 2.27B 67,200.00 44.45 44.49 43.98 23.77 Ark Restaurants Corp. ARKR 30.57 -0.28 (-0.91%) 109.11M 9,870.00 31.50 31.50 30.40 20.80 CarMax, Inc KMX 57.03 -0.52 (-0.90%) 6.13B 55,100.00 57.45 57.76 57.03 29.70 The Procter & Gamble Company PG 65.53 -0.56 (-0.85%) 207.65B 1.64M 65.97 65.97 65.46 24.82 Pinnacle Airlines Corp. PNCL 17.50 -0.15 (-0.85%) 386.41M 49,170.00 17.72 17.80 17.50 7.55 France Telecom (ADR) FTE 28.21 -0.24 (-0.84%) 73.46B 33,800.00 28.17 28.25 28.12 10.81 State Street Corporation STT 70.94 -0.60 (-0.84%) 23.58B 161,800.00 71.45 71.45 70.94 21.90 Deutsche Telekom AG (ADR) DT 18.82 -0.15 (-0.79%) 82.75B 32,700.00 18.87 18.91 18.82 12.06 Koninklijke KPN N.V. (ADR) KPN 15.14 -0.12 (-0.79%) 31.66B 20,500.00 15.12 15.14 15.09 14.84 IAC/InterActiveCorp IACI 38.78 -0.29 (-0.74%) 11.39B 305,842.00 39.06 39.08 38.69 44.07 Bayer AG (ADR) BAY 56.42 -0.41 (-0.72%) 43.12B 10,900.00 56.32 56.42 56.32 24.01 NIKE, Inc. NKE 99.23 -0.71 (-0.71%) 25.01B 172,900.00 N/A N/A N/A 18.79 Weight Watchers International... WTW 54.45 -0.39 (-0.71%) 5.30B 50,600.00 54.59 54.84 54.45 26.82

Edited by hiker, 22 January 2007 - 10:31 AM.

[jmicou]

I'll probalby lag a bit. Going to wait for a daily buy, if it were to develop soon. Got my hand slapped recently on making an entry on speculation instead of waiting for a signal, as it were. For horizontal, vertical and chart patterns, the Qs may now be in a fairly important area. regards, jmicou

Edited by jmicou, 22 January 2007 - 10:52 AM.

[hiker]

agreed...thanks for the thoughts. SMH remains in "stay short" mode for now it appears, btw. interesting volume spikes intraday 32.94-33.07 zone. I covered here just to keep flexibility, etc. the close today on everything much more impt. than this early day action...could go either way.. note EFUT up 18% intraday

Edited by hiker, 22 January 2007 - 11:04 AM.

[dcengr]

May get an RSI5 buy signal at the end of today.. RSI5 < 30 buy, that is. This rarely fails except near IT tops. If it does fail, then we got a lot of downside to come. But if you're moderately bullish, RSI5 < 30 is a good entry point.

[greenie]

Hi Hiker, Here are two cents on the current situation. I consider the last up-move as terminal one for this bull market since 2003 based on several consideration. Anyway, if you accept that hypothesis and check the terminal moves in 2000 September or 1990 May, you will see that NASDAQ typically has a last very sharp rally, a small decline and then another rally just above the price point of the previous high giving the appearance of a breakout. After that point, the reversal and move down is very sharp. Also, the internals have deteriorated so much that at this stage a sharp decline is expected. For example, when NAA50R falls near 50%, the decline gets fully in motion. Based on the above considerations, I decide to remain short on Qs, and add on bounces, until I see divergences that appear like a bottom (or get stopped out). G.

[hiker]

greenie...interesting...if I were gunning for staying short and wanted to add on pops...I wonder? pops to $44.45, if any...would I short those or become worried my short trade was going to go against me in the long run...how will you know at the time such a pop occurs...and it closes above? just my passing thought on the subject...you are often correct in your decision making with different criteria than I use, so appreciate you sharing. I am taking rest of day off. Have fun!

[jmicou]

If 43.83 were to become support, then the bulls may have a shot again.