Thursday, August 17, 2006
Closing Comments
Today was a great day for the bulls. We had explosive upside moves, yet the major indices barely moved-- giving the impression of consolidation. The best case scenario is to digest recent gains, without much giveback, then leg up.
In my opinion, the best trades can still be found in small cap, beaten down semiconductors, such as: CMOS, CNXT or TXCC. However, if the market reversed to the downside, those "beaten down" semi's will get beaten down a little more.
Consider that before buying.
If you haven't participated in the rally, yet, its not too late. My sense: the market continues its bullish tone until September.
For now, enjoy!
The following stocks had notable upside moves:
LM, SVI, TSN, WFMI, DENN, LEV, CHB, AXR, MLS, XOHO, IMCL, IMCO, TIV, CPST, LDG, FRX, NBIX, CUTR, ELOS, ACAD, ZGEN, NPSP, STXS, HEB, BCSI, CHINA, EBAY, OSTK, CKCM, TZOO, REDE, REDF, SINA, BIDU, TKO, FFIV, CIEN, SILC, DVW, MSPD, EGHT, RACK, BKS, MW, BOOT, SCVL, CRM, CMOS, CNXT, RHAT, LNUX, RNOW, THQI, SIGM, SMTL, SLAB, RTEC, SIRF, LOGI, PMCS, VIMC, STEC, DSS, OVRL, ALSK, ALVR, NSTR, LOOP, EGLT and AMD.
The following stocks had notable downside moves:
TWPG, ARXX, VGZ, SIR, SSI, TNT, BGO, STP, SAM, GMCR, FLR, RMX, FWLT, JEC, TEX, TRN, KEX, HOC, HYDL, CEO, TSO, OMNI, DRQ, OII, BRNC, WNR, FTO, ALJ, AVR, VSE, TIE, ACH, ZEUS, MRK, FOXH, LTON, GOAM, PACT, NILE, VGZ, AUY, SA, TOMO, AVNX, BBA, SHLD, GME, CTRN, ZUMZ, DIOD, ESST, SHG, OVTI, LXK, WFR, CYCL and DXPE.
In my opinion, the best trades can still be found in small cap, beaten down semiconductors, such as: CMOS, CNXT or TXCC. However, if the market reversed to the downside, those "beaten down" semi's will get beaten down a little more.
Consider that before buying.
If you haven't participated in the rally, yet, its not too late. My sense: the market continues its bullish tone until September.
For now, enjoy!
The following stocks had notable upside moves:
LM, SVI, TSN, WFMI, DENN, LEV, CHB, AXR, MLS, XOHO, IMCL, IMCO, TIV, CPST, LDG, FRX, NBIX, CUTR, ELOS, ACAD, ZGEN, NPSP, STXS, HEB, BCSI, CHINA, EBAY, OSTK, CKCM, TZOO, REDE, REDF, SINA, BIDU, TKO, FFIV, CIEN, SILC, DVW, MSPD, EGHT, RACK, BKS, MW, BOOT, SCVL, CRM, CMOS, CNXT, RHAT, LNUX, RNOW, THQI, SIGM, SMTL, SLAB, RTEC, SIRF, LOGI, PMCS, VIMC, STEC, DSS, OVRL, ALSK, ALVR, NSTR, LOOP, EGLT and AMD.
The following stocks had notable downside moves:
TWPG, ARXX, VGZ, SIR, SSI, TNT, BGO, STP, SAM, GMCR, FLR, RMX, FWLT, JEC, TEX, TRN, KEX, HOC, HYDL, CEO, TSO, OMNI, DRQ, OII, BRNC, WNR, FTO, ALJ, AVR, VSE, TIE, ACH, ZEUS, MRK, FOXH, LTON, GOAM, PACT, NILE, VGZ, AUY, SA, TOMO, AVNX, BBA, SHLD, GME, CTRN, ZUMZ, DIOD, ESST, SHG, OVTI, LXK, WFR, CYCL and DXPE.
