Category: Tech Stocks
The analysis published under this category are as follows.
Wednesday, October 24, 2007
Semiconductor Stocks Continue to Plummet / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Semiconductor HLDRs ETF (AMEX: SMH) continues to get clobbered. Yesterday Texas Instruments (NYSE: TXN) was the culprit. Today, components Intel (NASDAQ: INTC), Applied Materials (NASDAQ: AMAT), and Analog Devices (NYSE: ADI) all are under pressure...Read full article... Read full article...
Saturday, October 13, 2007
Semiconductor Tek stocks Gap Down Suggests More Downside / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Big gap down this morning has pressed the Semiconductor HLDRs (AMEX: SMH) below both its rising 200 DMA and its 15-month support line (36.40/30), which could trigger potentially significant technical damage to the intermediate-term chart structure -- if the weakness sticks for the remainder of today's session. Having said that, however, my pattern and momentum work (hourly and daily) are encouraging me to remain short even if the SMH manages to grind its way up to 37.00/20 again, largely because my primary scenario has morphed into a bearish one.Read full article... Read full article...
Thursday, October 11, 2007
Nasdaq Down-spike Not a Mere Dip / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Frankly, I am not surprised that the major equity market ETFs in general and the Q's (NASDAQ: QQQQ) in plunged to relieve some of the excessive overbought condition that has developed in recent days. However, the fact that the reversal emerged right at the top of the Aug-Oct trading channel, and right at the upside target measured off of the July-Aug base pattern suggests strongly to me that a meaningful first crack in the uptrend has occurred…Read full article... Read full article...
Tuesday, October 09, 2007
Nasdaq Nearing a Correction / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Now that the Q's (NASDAQ: QQQQ) have broken to the upside and satisfied the upside target from last week's consolidation between 53.00 and 52.50, today's new but unconfirmed high takes on more significant meaning -- and warns me that the Q's are at or are very near to an area from where I am expecting a correction -- into the 52.00 area initially, on the way to 51.00. Maybe the release of the FOMC minutes triggers the sell-off, or alternatively triggers and spikes towards 53.50/80 first. In either scenario, my near-term work is warning me that higher highs are not sustainable.Read full article... Read full article...
Saturday, October 06, 2007
Semiconductor Stocks Fourth Quarter End of Year Rallies / Stock-Markets / Tech Stocks
By: Marty_Chenard
The past 4 years have seen a Semiconductor rally every 4th. quarter. Will there be another Semiconductor stock rally between now and the end of the year?
Since 2003, the Semiconductor Index (Symbol: SOX) has had a rally every 4th quarter.
Read full article... Read full article...
Tuesday, September 25, 2007
Upside Breakout Expected for Semiconductor Tek Stocks / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Time for a look at the Semiconductor HOLDRs ETF (AMEX: SMH), which looks to me like it is heading for an upside breakout that will be precipitated by strength in Intel (Nasdaq: INTC), Applied Materials (Nasdaq: AMAT), Analog Devices (NYSE: ADI)...in the upcoming hours/days...Read full article... Read full article...
Saturday, September 22, 2007
Semiconductor Stocks Grind Higher / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Semiconductor HOLDRs ETF (AMEX: SMH) continues to carve out a rounded base-like pattern since late July, which resembles an inverted head-and-shoulders. Today's upside continuation off of Monday's pivot low at 36.80 has pushed prices towards the neckline resistance plateau between 38.80-39.10, which if hurdled and sustained, should trigger acceleration towards 40.50-42.00. At this juncture, only a plunge that breaks 37.90 will begin to compromise the developing pattern.Read full article... Read full article...
Monday, September 17, 2007
Bullish Scenario Should Remain Intact for Nasdaq (Qs) / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
I am not sure what to make of the hourly pattern that has been carved-out by the Q's (NASDAQ: QQQQ) since the 9/04 high at 50.00 -- other than it exhibits a series of higher lows and lower highs that have formed a coil pattern. Such a coil-type pattern just off of a recent high usually resolves itself in a thrust to the upside in sympathy with, and to continue, the underlying dominant uptrend. Read full article... Read full article...
Wednesday, September 12, 2007
Internet Tek Stock Sector Continues to Motor Higher / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Internet sector and ETF (Amex: HHH) continue to motor higher... led by Amazon (AMZN) and eBay (EBAY). Let's notice that today the HHH has climbed above its prior rally peak at 61.65 on 9/06 and is posed to continue higher to confront the May-Sept resistance line, now at 62.40, which should be hurdled on way to a full-fledged test of the May high at 63.93. At this juncuture only a decline that breaks 59.40 will compromise the developing bullish pattern.Read full article... Read full article...
Monday, August 27, 2007
MPTrader - Nasdaq's (Q's) Decline Unimpressive / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Thus far today the fact that the Q's (Nasdaq: QQQQ) are down about $0.30 is not very impressive if you are looking for some give-back after last week's powerful advance. Put another way, the Q's are holding up extremely well, as if there is very little impetus to bank last week's advance.Read full article... Read full article...
Thursday, August 23, 2007
Pullback in the Nasdaq (Q's) / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Let's notice that after marginally breaking above key resistance at 47.80-48, the Q's (NASDAQ: QQQQ) pivoted to the downside this morning (prior to testing the 62% recovery level at 48.25/30), and since have declined to test the minor support line at 47.20 created during the past week's action. Judging from both the micro pattern carved-out off of the 48.04 high and the juxtaposition of the hourly RSI momentum gauge, the Q's likely will break 47.20 on the way to 47.00-46.80 in the upcoming hours, at which time we will have to re-evaluate the composite technical picture to determine if a minor pullback is complete, or if additional correction is necessary.Read full article... Read full article...
Wednesday, August 22, 2007
Can the Nasdaq (Q's) Penetrate Resistance? / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
This morning's strength in the Q's (Nasdaq: QQQQ) propelled the price structure into a major resistance band between 47 and 47.90, as well as towards a confrontation with the July-August down trendline, now at 47.95, which I think will prove to be impenetrable in the absence either of a surprise cut in the Fed funds rate OR a pullback into the 46.50 area first. It is with that in mind that I hold a 50% short position in the Q's in our model portfolio against my other long positions as a "speculative" hedge (how's that for an oxymoronic phrase?) in the upcoming hours.Read full article... Read full article...
Tuesday, August 21, 2007
Semiconductor Chip Stocks Quiet, but Looking Higher / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The SMH (Semiconductor ETF) is acting a bit sluggish so far today, but, that not withstanding, the near-term pattern continues to point higher, and the price structure should accelerate once near-term resistance is hurdled between 37.15 and 37.25. My next optimal target is 38. Only a break of 36.80 will begin to compromise the timing of the expected upside breakout.Read full article... Read full article...
Monday, August 20, 2007
Nasdaq (Qs) Poised to Continue Larger Recovery Upleg / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Although the major equity market ETFs feel like they are moving around quite a bit, actually in relation to the intense volatility during the prior two weeks, this is a pretty calm day! The pattern the Q's (Nasdaq: QQQQ) have carved out since Friday's spike high at 46.99 appears to me to be taking the form of a coil (lower highs and higher lows). As long as 45.59 contains any forthcoming weakness, the integrity of the lower side of the coil will remain intact. Conversely, I think that today's high at 46.64 is a second data point near the top side of the coil.Read full article... Read full article...
Wednesday, August 15, 2007
MPTrader - Nasdaq (Q's) Need to Hold Support / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
We can see from the big picture of the Q's (NASDAQ: QQQQ) that the price structure has just about completely traversed its 13-month price channel -- from its July 19th high at 50.66 into today's low at 46.53. The ability of the Q's to hold the 46.30 area (should the price structure press to new lows) is imperative if the lower channel support line is to maintain its integrity. Otherwise, the Q's will be heading for a confrontation with its sharply rising 200 DMA, now at 45.35.Read full article... Read full article...
Wednesday, August 08, 2007
MPTrader - Semiconductor Stocks Heading Higher / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Semiconductor HLDRs (AMEX: SMH) briefly popped above key near-term resistance at 38.00/05, but did not sustain that level -- at least not yet. However, my near-term pattern and momentum work argue strongly that higher price will emerge in the upcoming hours that will propel the SMH towards 39.00/25. Intel (Nasdaq: INTC), Applied Materials (Nasdaq: AMAT), and Analog Devices (NYSE: ADI) will be the big drivers of the next upleg in the semiconductors.Read full article... Read full article...
Tuesday, July 31, 2007
Checking on Apple from Japan to Hawaii / Companies / Tech Stocks
By: Money_and_Markets
Tony Sagami writes: Although the Dow posted its second-biggest one-day loss of the year last Thursday, one U.S. company's stock rose more than 6% by the end of trading.
I'm talking about Apple — a stock that my Elite Stock Trader subscribers have owned for some time, and a company that I've told you about before right here in Money & Markets.
Read full article... Read full article...
Friday, July 20, 2007
MPTrader - Has Stock Market Correction Ended? / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
With just over an hour remaining in today's session, I am wondering if a correction in the major equity market ETF's has ended, and if a new upleg is in its infancy. But I notice that financial powerhouse Goldman Sachs (NYSE: GS) remains down about 2.5% for the session, and more importantly, remains below its 200 DMA (208.31). I see that Google (NASDAQ: GOOG) is still down 5% for the session, having bounced off of its 50 DMA (510.81) this AM.Read full article... Read full article...
Tuesday, July 17, 2007
For Nintendo, It's Not Raining, It's Pouring Profits! / Companies / Tech Stocks
By: Money_and_Markets
Tony Sagami writes : I'm here in Japan with my two sons, and I'm reminded of something my mother used to say — Ame futte ji katamaru . Translated, it means "Rained-on-ground hardens." It was her way of saying adversity builds character.
In just the last few days, the country has had to deal with both a powerful earthquake in the northwest and a gale force typhoon hitting its eastern coast.
Read full article... Read full article...
Monday, July 16, 2007
MPTrader Mid-Day Minute - Internet Holders Trust (HHH) Targets Upside Breakout / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Let's notice that so far today the Internet HLDRs ETF (AMEX: HHH) opened lower but has climbed into positive territory -- at new recovery rally highs, with the possibility of closing the session with a key upside reversal spike.Read full article... Read full article...