Thursday, September 07, 2006
Closing Comments
WARNING:
Your portfolio's are at risk. The buyers were embarrassed, then walked on by the bears today. The great war of '06 has begun, and like I said earlier, the bloodiest battles will be fought in the SOX.
After the bulls showed swagger, lifting the SOX by 0.6% intra-day, the bears put the proverbial smack down on their plans-- sending the SOX down 0.4% for the day. From that point on, it was all she wrote for the buyers.
Additionally, after the close semi giant NSM disappointed-- sending the stock down more than $1.30.
Conclusion:
We are going lower. Please take preemptive actions.
The following stocks had notable upside moves:
EMBT, GHDX, NVEC, GIGM, TBUS, LOOK, SHOE, WRSP, AVGN, ORCH, VSNT, SRVY, SVA, PLC, CLG, EAR, PPC, SEH, DRC, HOV, CTB, AIQ, TNS, HBI, ARO, AHO, XCO, HAIN, ROX, DF, WCI, SPF, TBSI, UTIW, DRYS, SWFT, TUG, DWSN, IFNY, QTWW, UHCP, ACAM, AMED, MIVA, BVSN, ENTU, SINA, SOHU, LOOK, MAMA, STXN, MIKR, AVCI, GIGM, HLIT, AWRE, AIRT, GOT, CBOU, MWRK, JOSB, TWTR, KLIC, IBIS, ORCL, BITS, GFX, AAPL, AXTI, MFLX, SANZ, TMB, CYCL, TPC, WTHN, RGCO, WPTE, TWLL, and TDG.
The following stocks had notable downside moves:
DHIL, ITG, ISE, NKZ-WT, VPS, FIZ, DIT, WBD, COSI, BECN, MLI, AMN, FWLT, PCR, TEX, RMIX, CVTI, TIN, IVAN, XNL, JOYG, ARD, SYNM, BUCY, AEZ, PDRT, DVSA, BDCO, TMY, NEU, ESLR, BRNC, FUEL, HNR, ENY, CLHB, FCEL, PRB, BMD, NTO, BOOM, GPRE, PEIX, CTIC, COGLE, MATK, NRPH, LCBM, ARIA, BIVN, SHPGY, VMI, NABI, THLD, NBIX, BSX, LEXG, RGEN, BA, WSSI, WGAT, AMZN, NFLX, NCTY, CNVR, WZEN, VGZ, KGC, HL, SA, AU, PAAS, NEM, ABX, IKAN, EGHT, RACK, NWK, WJCI, VSTH, DVW, FNSR, BCGI, TKO, ORCT, GGBM, ATCO, PWAV, LNOP, CIEN, AMCC, EZPW, BKRS, BOOT, PLNR, OTIV, ATHR, VTSS, ISIL, BRCM, PLAY, MOSY, FORM, VIGN, ADSK, RHAT, HILL, RNOW, SPSN, PMCS, PALM, GRMN, AATI, ACTS, BESI, WDC, MDLK, IFON, EPG, EICU, ATEC, EVR, EGLT, CBRX, HITK, JBSS, AZPN, FLOW, CYTR, CRMT, CLN, ISV, GB, SLW, TNT, GFI, HMY, BTU, MFB and TRU.
Your portfolio's are at risk. The buyers were embarrassed, then walked on by the bears today. The great war of '06 has begun, and like I said earlier, the bloodiest battles will be fought in the SOX.
After the bulls showed swagger, lifting the SOX by 0.6% intra-day, the bears put the proverbial smack down on their plans-- sending the SOX down 0.4% for the day. From that point on, it was all she wrote for the buyers.
Additionally, after the close semi giant NSM disappointed-- sending the stock down more than $1.30.
Conclusion:
We are going lower. Please take preemptive actions.
The following stocks had notable upside moves:
EMBT, GHDX, NVEC, GIGM, TBUS, LOOK, SHOE, WRSP, AVGN, ORCH, VSNT, SRVY, SVA, PLC, CLG, EAR, PPC, SEH, DRC, HOV, CTB, AIQ, TNS, HBI, ARO, AHO, XCO, HAIN, ROX, DF, WCI, SPF, TBSI, UTIW, DRYS, SWFT, TUG, DWSN, IFNY, QTWW, UHCP, ACAM, AMED, MIVA, BVSN, ENTU, SINA, SOHU, LOOK, MAMA, STXN, MIKR, AVCI, GIGM, HLIT, AWRE, AIRT, GOT, CBOU, MWRK, JOSB, TWTR, KLIC, IBIS, ORCL, BITS, GFX, AAPL, AXTI, MFLX, SANZ, TMB, CYCL, TPC, WTHN, RGCO, WPTE, TWLL, and TDG.
The following stocks had notable downside moves:
DHIL, ITG, ISE, NKZ-WT, VPS, FIZ, DIT, WBD, COSI, BECN, MLI, AMN, FWLT, PCR, TEX, RMIX, CVTI, TIN, IVAN, XNL, JOYG, ARD, SYNM, BUCY, AEZ, PDRT, DVSA, BDCO, TMY, NEU, ESLR, BRNC, FUEL, HNR, ENY, CLHB, FCEL, PRB, BMD, NTO, BOOM, GPRE, PEIX, CTIC, COGLE, MATK, NRPH, LCBM, ARIA, BIVN, SHPGY, VMI, NABI, THLD, NBIX, BSX, LEXG, RGEN, BA, WSSI, WGAT, AMZN, NFLX, NCTY, CNVR, WZEN, VGZ, KGC, HL, SA, AU, PAAS, NEM, ABX, IKAN, EGHT, RACK, NWK, WJCI, VSTH, DVW, FNSR, BCGI, TKO, ORCT, GGBM, ATCO, PWAV, LNOP, CIEN, AMCC, EZPW, BKRS, BOOT, PLNR, OTIV, ATHR, VTSS, ISIL, BRCM, PLAY, MOSY, FORM, VIGN, ADSK, RHAT, HILL, RNOW, SPSN, PMCS, PALM, GRMN, AATI, ACTS, BESI, WDC, MDLK, IFON, EPG, EICU, ATEC, EVR, EGLT, CBRX, HITK, JBSS, AZPN, FLOW, CYTR, CRMT, CLN, ISV, GB, SLW, TNT, GFI, HMY, BTU, MFB and TRU.
Comments:
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Everything just followed the script:
August rally = crap
- low volume advancers last month
- smaller stocks rallied on their own, while leaders never moved
- short term overbought
...big boys on the Street came back to work and saw through the facade. First few days of August will see a correction.
August rally = crap
- low volume advancers last month
- smaller stocks rallied on their own, while leaders never moved
- short term overbought
...big boys on the Street came back to work and saw through the facade. First few days of August will see a correction.
Yep.
Also, be an alert for a faux rally next week-- then we really get punished for the remainder of September.
It happens, like clockwork, every September, prior to the qt end.
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Also, be an alert for a faux rally next week-- then we really get punished for the remainder of September.
It happens, like clockwork, every September, prior to the qt end.
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