3 replies to this topic

[Trend-Signals]

The sector is upgrade to overweight this morning and BRCM is responding positive.



ALTR 20.03 -0.07 -0.35%
AMAT 18.44 -0.06 -0.32%
AMD 13.06 -0.02 -0.15%
BRCM 31.66 0.61 1.96%
IFX 15.55 0.10 0.65%
INTC 19.08 -0.02 -0.08%
KLAC 53.46 -0.01 -0.02%
LLTC 31.52 0.05 0.16%
MRVL(E) 17.06 0.29 1.73%
MU 12.05 0.21 1.77%
MXIM(E) 29.64 -0.10 -0.34%
NSM 24.03 0.20 0.84%
NVLS 32.40 0.20 0.62%
TER 16.55 0.11 0.67%
TXN 30.36 -0.03 -0.10%
XLNX 25.65 0.12 0.47%

http://www.stockchar...98552&r=108.png

http://www.stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=9&dy=0&i=p93451941454&a=71270540&r=427.png

AMAT in symmetrical triangle - consolidating.

http://www.stockchar...98555&r=336.png

[Rogerdodger]

It always worries me when brokers upgrade anything.

[Trend-Signals]

It always worries me when brokers upgrade anything.

Hi Roger

Certainly market is shaking around because of low volume right before the drop creating volatility.

I noted that today range will be



All right.. Resistance Qs 43.87 R at 30m holding up.

Light volume again.


PREMARKET COMMENT:
Qs resistance as shown on the 60m chart is around 44 and support at 43.50-43.30 +/- which were the supports yesterday to continue upside momentum. Market will react to 10am Eco #.

http://www.investors...age_id=18341441


BUT, I DIDN'T EXPECT the trade news.

Now, are we all scared?

x =


About the upgrade, I will tell you about GOOG UBS upgrade. I commented on Gap support and it was doing just fine as it traded up with the gap support until UBS ungraded. Since then, it was selling off. Yes, firms up/downgrades stocks for their purpose.


http://www.stockchar...09398&r=598.png

Edited by Trend-Signals, 30 March 2007 - 10:59 AM.

[Trend-Signals]

addendum ABOUT TRADE: I consider it as a positive development which I commented before that we need to do something about negative trade trend, i.e. trade deficit. Well, since the trade agreement can't be done by mutual consent, we need to take action... which is a positive note for LT US development while WS can make a point that it is not good for WS. Well, it may not for good for particular companies which do international trades, but is good for US workers. OK, this is also debatable, so, I will make this simple. In conclusion, I think that it is a good development. Hopefully, maybe we will have equal trades which are balanced, not trade deficit for us and trade surplus to them.