Last night I posted charts of TXN and KLAC. The $SOX index is looking crummy, another name to watch is BRCM on the short side. Low oil, crashing commodity prices and this market CANNOT get any mojo. Very disturbing if you are a bull. I'm not.
Showing posts with label $SOX. Show all posts
Showing posts with label $SOX. Show all posts
Thursday, September 4, 2008
Wednesday Morning
Sunday, April 20, 2008
SMH and SOX
We have to wait and see where the sector rotations will lead us. I for one am looking for more shorts than longs here if for no other reason than we are getting overbought. These two charts look interesting though. I am going to be watching the oils and fertilizers very, very closely this week for possible short entry. I may not get the chance, so I will be patient.
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
