6 replies to this topic

[SemiBizz]

And we are not getting it. Keep your eye on these stocks... They will be first to exit. After all, who should know better than a broker that the market is going down. First clue will be $210 violation by GS.



http://bigcharts.mar...&mocktick=1.gif

[SemiBizz]

Goldie holding $210. on the 5 day intraday charts we're testing lower on relatively vapor volume...



http://bigcharts.mar...&mocktick=1.gif

[SemiBizz]

SMH on bullish spring setup now, having broken last week's high volume lows on vapor today... Long @34 here - stop today's low broken.... I risk 8 cts.



http://bigcharts.mar...&mocktick=1.gif

[Cirrus]

I think the SOX will break up out of this weekly consolidation before the market has any major correction...could be wrong but it's my take. I'm long some higher RS midcaps.....VRGY, VSEA, MKSI, WFR, UCTT and ONNN. Some aren't pure plays but good enough. I still have some shorts I took on Thurs/Fri of last week. ITM index puts, some other puts and housing/retail shorts. Net long here overall though.

[SemiBizz]

And there is some bear meat somewhere in these potatoes and it is this, although it was only a light volume retracement we did acheive a .50 retracement... FAST UPTREND CANCELED



http://bigcharts.mar...&mocktick=1.gif

[SemiBizz]

SMH trade seems to be working. Moved stop to 34.14. Nasdaq has retraced more than 61.8% of the move down from this morning... that usually means we get 100%. Today is low volume though and price can be moved around like a hockey puck. Primary instruments nominal. GS holding 210, TOL flatlining.

[SemiBizz]

Moved stop on SMH to 34.20. We have a decent chance of Nasdaq reversal off test of weekly high last week just under 2460 OR the high of the crash day (2/27) just under 2471. If we get too far into that gap, I will just hold SMH for awhile longer, I will re-open small position in QID off 2471 test on what is bound to be lighter volume test...