Friday, December 22, 2006
Sector Spotlight: Semiconductors
I know, the market looks ugly. Keep in mind, the market always looks crappy, prior to a nice rally. Typically, the week after Christmas, leading up to New Years, is a very good one. I suspect we may firm up next week and leg up the first week of '07.
Despite a nasty drop in thw DOW and NASDAQ, the semi's are holding up well. We are not seeing the 3-5% drops that are typical in a semiconductor selloff. Therefore, I feel the group may firm up and even go green, today.
Again, I don't believe we are due for a prolonged selloff and would add to positions, between snacks.
NOTE: Keep an eye out for the dip buyers. The bears are getting too cocky here and may get their accounts poleaxed, just in time for Christmas.
The following Semiconductor stocks have mojo:
MU +4.9%
TGAL +3.7%
QI +1.6%
SPIL +1.45%
SIRF +1%
Despite a nasty drop in thw DOW and NASDAQ, the semi's are holding up well. We are not seeing the 3-5% drops that are typical in a semiconductor selloff. Therefore, I feel the group may firm up and even go green, today.
Again, I don't believe we are due for a prolonged selloff and would add to positions, between snacks.
NOTE: Keep an eye out for the dip buyers. The bears are getting too cocky here and may get their accounts poleaxed, just in time for Christmas.
The following Semiconductor stocks have mojo:
MU +4.9%
TGAL +3.7%
QI +1.6%
SPIL +1.45%
SIRF +1%
