Even with an upgrade to Buy from Caris, BRCM fell hard again today. This is a weekly chart that shows BRCM has multi-year support at this price level.
3 comments:
Anonymous
said...
"If the market does not reverse itself in the early going tomorrow, we could be heading for NASDAQ 2100, at which point I believe we could be in for a tradable corrective bounce."
I hope you're right about the bounce. Funny (no, not like a clown) how the market reverses as soon as the NASDAQ hit 2100.
TXN's guidance should give a good bounce to semis tomorrow of we can get a rally out of Asian and European markets to help us along.
Five minutes after the NASDAQ hit hit 2100 I was busy getting long the Q's and AAPL. Worked out nicely. The timing was perfect too as it hit the magic number just I was breaking for lunch.
Yes, the TXN guidance will really be helpful to the semis. And we need the semis in order to move this market up.
The SOX closed on its long-term trendline today.
Even with an upgrade to Buy from Caris, BRCM fell hard again today. This is a weekly chart that shows BRCM has multi-year support at this price level.
3 comments:
"If the market does not reverse itself in the early going tomorrow, we could be heading for NASDAQ 2100, at which point I believe we could be in for a tradable corrective bounce."
I hope you're right about the bounce. Funny (no, not like a clown) how the market reverses as soon as the NASDAQ hit 2100.
TXN's guidance should give a good bounce to semis tomorrow of we can get a rally out of Asian and European markets to help us along.
Five minutes after the NASDAQ hit hit 2100 I was busy getting long the Q's and AAPL. Worked out nicely. The timing was perfect too as it hit the magic number just I was breaking for lunch.
Yes, the TXN guidance will really be helpful to the semis. And we need the semis in order to move this market up.
Message from Blogger:
"Blogger is temporarily unavailable due to an unexpected technical problem. Our engineers are working hard to fix Blogger."
The working hard part sounds like something George Bush would say. And "unexpected" should be scratched and replaced with "usual".
I'm really exited about the market today and I was anxious to update my blog. Sorry for the inconvenience once again.
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