Thursday, April 27, 2006

Watch List - CMED, TZOO, MCHP, MXIM, LRCX, MU

CMED has pulled backed to a solid area of support and may bounce from here.

I tried to short TZOO and it's no surprise that no shares were available. So we have to take every opportunity to long this momentum play when the perfect setup comes along. I noticed we closed on a pivot point so I'll be watching to see if it wants to bounce back up from here. If not, we'll keep it on the radar until it does.

MCHP has had three days of high volume back and forth and could breakout anytime.

I can't decide if MXIM is a short or if it capitulated today. We'll soon find out.

I must have been looking at the wrong scan, because I missed this LRCX breakout. Let's see if it tests the breakout point.

Another one I missed. The same goes for MU as LRCX.

Along with MSFT several tech names are trading down in AH including DRIV. They issued downside guidance tonight so it could be a short tomorrow.

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