Bearish Play Updates | Sunday, January 23rd, 2005
Our bearish software play has broken support and its 100-dma.
Leading the Chips Lower
Bearish Play Updates | Sunday, January 9th, 2005
This semiconductor stock ignored the SOX's bounce on Friday to hit a new relative low.
Rising or Fading
Bullish Play Updates | Sunday, December 19th, 2004
Momentum on one is explosive while momentum on the other is waning. Two very different bullish tech candidates.
The chip sector question.
Bullish Play Updates | Sunday, December 12th, 2004
Should we stay or should we go? The weakness in the semiconductor index is forcing the question.
The Trend is still Up.
Bullish Play Updates | Sunday, December 5th, 2004
This software stock has been lagging the group a bit but the trend is still up.
Bullish Play Updates | Sunday, November 28th, 2004
Wait for the next breakout before considering new bullish positions.
Bearish Play Updates | Sunday, November 28th, 2004
Our non-tech bullish candidates are doing pretty well. Some have already hit our initial profit targets.
Bullish Play Updates | Sunday, November 21st, 2004
It's a pivotal spot for this software stock.
Look out below!
Bearish Play Updates | Sunday, November 21st, 2004
Finally! After days of consolidation we're finally seeing some declines.
Bullish Play Updates | Sunday, November 7th, 2004
These two bullish tech stock plays have rallied to resistance and are now trying to push their way through.
Bounce or Break
Bullish Play Updates | Sunday, October 31st, 2004
These two semiconductor stocks remain in their bullish trend but one is approaching a significant decision point.
SOX Steps Backward on Friday
Bullish Play Updates | Sunday, October 24th, 2004
These two bullish chip stocks suffered a set back on Friday but remain in their bullish pattern.
Bearish Play Updates | Sunday, October 24th, 2004
Our two tech stock short plays remain within their overall downtrend and the recent bounce appears to be failing again.
Time's Almost Up
Bullish Play Updates | Sunday, October 17th, 2004
The earnings date for this software company just moved up several days and we don't want to hold over the event.
A Big Week For This Software stock
Bullish Play Updates | Sunday, October 10th, 2004
Shares of our bullish software play turned in an active week.
A test of patience
Bearish Play Updates | Sunday, September 26th, 2004
Our two current tech stock shorts are turning in mixed performances but both look ready to move.
Not All Tech Is Up
Bearish Play Updates | Sunday, September 19th, 2004
The NASDAQ may be over the 1900 level but no all tech is following it higher.
Near Four-Year Highs
Bullish Play Updates | Sunday, September 5th, 2004
This tech stock is near four-year highs and out performing most of the competition.
Bearish Play Updates | Sunday, September 5th, 2004
The most recent oversold bounce looked ready to end this play but profit taking has given it a second wind.
Apples to Oranges
Bullish Play Updates | Sunday, August 29th, 2004
Or maybe that should be consumer electronics to telecoms, we're having mixed results.
A little volatility
Bearish Play Updates | Sunday, August 29th, 2004
For the most part these tech shorts are trading lower but we're seeing some volatility.
Techs Stay Strong
Bullish Play Updates | Sunday, August 22nd, 2004
A positive week for tech stocks helped this company absorb an acquisition without any pain.
Oversold Bounce or Entry point
Bearish Play Updates | Sunday, August 22nd, 2004
This telecom stock shows up late to the bounce party.
Bearish Play Updates | Sunday, August 15th, 2004
Overall tech stocks are hitting new lows for the month and our bearish plays are no exceptions.
Not Dead Yet
Bullish Play Updates | Sunday, August 8th, 2004
The software sector has taken a beating but this play isn't quite dead yet.
Techs Trip Lower
Bearish Play Updates | Sunday, August 8th, 2004
The market sell-off has been lead by technology and all three of these plays are looking strong.
Bearish Play Updates | Sunday, August 1st, 2004
Traders need to step carefully when it comes to bearish plays in tech stocks. The tech sector is bouncing sharply from oversold conditions.
Bearish Play Updates | Sunday, July 25th, 2004
All three of our tech short plays have cracked major support.
At crucial support
Bearish Play Updates | Sunday, July 18th, 2004
All three of these tech stocks are at crucial support. A breakdown from here could be very profitable.
Internets, Software and Chips
Bearish Play Updates | Sunday, July 11th, 2004
It's no coincidence that our shorts are in the weakest sectors.
Bearish Play Updates | Sunday, July 4th, 2004
The first breakdown attempt never materialized, but after this Technology stock rolled over right at resistance, it is once again approaching that key support level.
Bullish Play Updates | Sunday, June 27th, 2004
While they couldn't push to new recent highs on Friday, this pair of Technology stocks looks ready to do just that next week.
Bearish Play Updates | Sunday, June 27th, 2004
First bouncing just above support, this Technology stock has now put in a perfect reversal at resistance and is headed back down.
Bullish Play Updates | Sunday, June 20th, 2004
It all looked so good for a breakout in this Semiconductor stock until the Chip sector imploded on Thursday. Look for the bulls to take another run at resistance next week.
Bearish Play Updates | Sunday, June 20th, 2004
Despite Friday's rebound, our bearish Chip play is acting about as we expected, gradually working lower just under the top of its long-term falling channel.
Ready To Roll
Bearish Play Updates | Sunday, June 13th, 2004
The bounce in Technology shares last week kept this Chip stock from falling any further, but there certainly wasn't any strength to speak of. Look for another rollover and subsequent breakdown next week.
Pullback To Support
Bullish Play Updates | Sunday, June 6th, 2004
While it has been slow-moving up to this point, we certainly can't complain about the pattern of higher lows and higher highs this play has delivered over the past few weeks.
Bearish Play Updates | Sunday, June 6th, 2004
Technology stocks were definitely the weak link in the market's chain last week and this pair of bearish plays is performing perfectly according to our script.
Bullish Play Updates | Sunday, May 30th, 2004
After several attempts, this bullish play finally broke through key resistance and is making steady progress towards our profit target. Now is the time to make sure that exit plan is ready to go.
Rolling Over Again
Bearish Play Updates | Sunday, May 30th, 2004
The broad market rally on Tuesday afforded aggressive traders a very nice entry point on our bearish Networking play, as the 20-dma served as solid resistance. Now we need to see the stock take out key support.
Bullish Play Updates | Sunday, May 23rd, 2004
It really looked like we were going to see the much-anticipated breakout in this bullish play on Friday, but the bulls just couldn't work up their nerve in the midst of options expiration. Look for the buyers to make another run at resistance early next week.
Bearish Play Updates | Sunday, May 23rd, 2004
A gap move denied us access to the ideal breakdown entry on this Networking stock last week, but the bounce back and failure right at resistance was a nice consolation prize. Look for more weakness in the week ahead.
According To Script
Bullish Play Updates | Sunday, May 16th, 2004
Following our expectations of a pullback, this bullish play is consolidating for the next move up the charts.
Picking Up Steam
Bearish Play Updates | Sunday, May 16th, 2004
After the successful breakdown under support on Wednesday, this Chip stock appears to be picking up speed to the downside. The only missing ingredient is increasing volume, but that ought to arrive early next week.
Bearish Play Updates | Sunday, May 9th, 2004
This Chinese Internet stock broke below its "b" distribution pattern.
Flash Memory Still Rising
Bullish Play Updates | Sunday, April 4th, 2004
Our memory play is doing well, up seven days in a row, so it may be time to look for a dip.
A Volatile Week for Semis
Bearish Play Updates | Sunday, March 28th, 2004
The semiconductor sector lead the markets lower Monday-Wednesday but the rebound was pretty sharp during Thursday's rally. Will the bounce fail?
Bad News Drop
Bearish Play Updates | Sunday, March 21st, 2004
We needed a catalyst to get this bearish play moving and last week's announcement that the company would be restating the past 3 years of financial results seemed to do the trick.
Bearish Play Updates | Sunday, March 14th, 2004
Overdue for a bounce, Technology stocks put in a strong performance on Friday, helped by the Semiconductor index (SOX.X) bouncing from key support at $475. Is it a one day wonder or the beginning of a reversal?
Techs Still Weak
Bearish Play Updates | Sunday, March 7th, 2004
Despite several attempted rebounds over the past week, the NASDAQ remains weak and that reality is weighing on our trio of bearish plays. Look for downside continuation in the week ahead.
Bearish Play Updates | Sunday, February 29th, 2004
As one of the five horsemen of the NASDAQ, this stock's weakness is not a good sign for Technology bulls. But the bearish price action plays right into our hands.
Reversal of Fortune
Bullish Play Updates | Sunday, February 22nd, 2004
Pressured by the weakness in the Semiconductor index, this Chip stock reversed its breakout from earlier in the week and is now threatening key support.
It took all week
Bearish Play Updates | Sunday, February 22nd, 2004
It took all week but we've finally been triggered on this tech-stock short play.
Retracing The Rebound
Bullish Play Updates | Sunday, February 15th, 2004
Despite an encouraging from support last week, this internet stock is starting to stall and the rollover in the Internet sector (INX.X) is not encouraging. Play with caution.
Good news and bad news
Bullish Play Updates | Sunday, February 1st, 2004
This chip play hit our initial target but quickly withered.
Chips have stalled their descent
Bearish Play Updates | Sunday, February 1st, 2004
We're turning very cautious on this bearish semiconductor play. Note our lowered stop loss.
Bullish Play Updates | Tuesday, January 27th, 2004
Today's heavy selling in the SOX (-4.14%) pushed our bearish chip candidate through our trigger to open the play.
Pull back to the 10-dma
Bullish Play Updates | Sunday, January 25th, 2004
Our bullish play in the chip sector is holding up and has pulled back to the bottom of its rising channel.
Time is almost up
Bullish Play Updates | Sunday, January 18th, 2004
We've run out of time for this hard drive player to make any pre-earnings run up and plan to close this play on Tuesday. No new bullish positions are suggested.
Bullish Play Updates | Sunday, January 11th, 2004
This hard drive maker is poised to do well with the introduction of new personal video recorders (PVRs and DVRs).
Go, Tech Bulls, Go
Bullish Play Updates | Wednesday, January 7th, 2004
With the NASDAQ closing at new 2-year highs, it should come as no surprise that our three bullish Technology plays are all nearing their profit targets. It's time to start thinking about exit points.
Bullish Play Updates | Sunday, January 4th, 2004
Our trio of bullish Technology plays held up rather well on Friday in light of the sharp reversal in the overall market. A bit more weakness early next week should be the perfect prelude to some solid entry points.
Eye On The Goal
Bullish Play Updates | Wednesday, December 31st, 2003
After a successful breakout of its long-term channel, the bulls are intent on driving this Wireless stock back to the top of its early 2001 gap. We're content to go along for the ride, but when that goal is achieved, we want to be quick to jump off.
Bullish Play Updates | Wednesday, December 24th, 2003
The bulls finally seem to have broken the channel that has kept this Wireless stock confined for the past several months and it looks like more upside ahead next week.
Bullish Play Updates | Sunday, December 21st, 2003
It took long enough, but this Wireless stock is finally back to where it can test resistance and a breakout to new recent highs should be the result.
Bearish Play Updates | Wednesday, December 17th, 2003
Leading the weakness in the Semiconductor sector, this bearish Chip play gave us the move down to our target yesterday and with the bounce from that level, it looks like it is time to harvest those gains and move on.
Bullish Play Updates | Wednesday, December 17th, 2003
After dipping back to confirm old resistance as new support, this Wireless stock looks like it may be ready to take another run at the recent highs.
Time For a Bounce
Bearish Play Updates | Wednesday, December 17th, 2003
Right on cue, this bearish Technology stock bounced from support. If the recent pattern holds, this bounce will just set up the next entry point.
Ready To Move
Bullish Play Updates | Sunday, December 14th, 2003
After pulling back from the top of its rising channel, this Wireless stock bounced from the site of old resistance and it looks ready to break to new highs next week.
Bearish Play Updates | Sunday, December 14th, 2003
Despite the rebound in Technology shares at the end of the week, this pair of bearish plays just couldn't manage to deliver any gains on Friday. That bodes well for another downside move early next week.
On The Edge
Bullish Play Updates | Sunday, December 10th, 2003
After springing higher at the beginning of the month, this wireless stock is back to testing critical support. A rebound from here looks like a solid entry, but we need to see some conviction.
Bearish Play Updates | Sunday, December 10th, 2003
There hasn't been much for the Technology bulls to cheer about this week as the NASDAQ continues to be the laggard index. This pair of bearish Technology-related plays is certainly working to our favor.
Catching Its Breath
Bullish Play Updates | Sunday, December 7th, 2003
After a strong breakout to new 52-week highs, this Wireless stock spent most of last week consolidating for another attempt to break out of its rising channel. Take advantage of the dip to prepare for that breakout.
Bearish Play Updates | Sunday, December 7th, 2003
Paving the way for Friday's plunge in the Semiconductor index, this bearish chip play really got off to a good start on Thursday. Is there another leg down in store?
Bullish Play Updates | Wednesday, December 3rd, 2003
What started out as a bullish session on Wednesday turned to a rout in the Technology sector. In light of the afternoon weakness, this mobile phone stock held up remarkably well, refusing to drop far below its recent highs.
Stopped at Resistance
Bullish Play Updates | Sunday, November 30th, 2003
There's a reason we didn't advocate momentum entries into this mobile phone stock last week. It was bumping up against resistance and that resistance held with light volume unable to break through.
Waving Those Stripes
Bullish Play Updates | Wednesday, November 26th, 2003
This manufacturer of bar code printers broke out of its latest bull flag.
Bullish Play Updates | Sunday, November 23rd, 2003
This proud company acquired a competitor Thursday, but the acquisition temporarily stalled the breakout.
Finally A Rebound
Bullish Play Updates | Wednesday, November 19th, 2003
With the weakness in the NASDAQ this week, we had our doubts as to whether support was going to hold, but we finally got our anticipated rebound on Wednesday.
Bullish Play Updates | Sunday, November 16th, 2003
The hoped for breakout didn't arrive last week, and now the task is to garner a pullback entry in this bullish play.
Reversal Or Entry Point
Bearish Play Updates | Wednesday, November 12th, 2003
The bears were making steady progress through Tuesday, but that was before today's more than 6% rebound. This is either the beginning of a reversal or a great entry point and tomorrow's price action is likely to provide the verdict.
Bearish Play Updates | Sunday, November 9th, 2003
After a week of drifting lower, this bearish play is trying to put in another bounce. When that bounce fails, we'll have our next bearish entry point.
Slow and Steady
Bearish Play Updates | Wednesday, November 5th, 2003
A full-speed breakdown would be more to our liking, but we're not going to complain with the Technology stock cracking below important support despite the lack of weakness in the rest of the market.
Bearish Play Updates | Sunday, November 2nd, 2003
The stock of this provider of online integrated database services appears to be turning back after retesting a H&S neckline.
Where's the Neckline?
Bearish Play Updates | Wednesday, October 29th, 2003
After falling through the neckline of its H&S formation, this stock rises to test that broken support. Which of the two possible necklines will prove to be valid?
An Accommodating Stock
Bearish Play Updates | Sunday, October 26th, 2003
We suggested two possible entries in this bearish play, and the stock offered both this week. It's not too late to enter now.
Just the Facts
Bearish Play Updates | Wednesday, October 22nd, 2003
This stock offered the bounce-and-rollover entry we wanted, and now it might also offer the momentum entry on a breakdown.
Low Volume Drift Continues
Bearish Play Updates | Wednesday, October 15th, 2003
We're still suggesting traders wait for the breakdown before initiating new bearish positions.
Stuck In Limbo
Bearish Play Updates | Sunday, October 12th, 2003
The tantalizing breakdown that appeared imminent on Wednesday has yet to materialize, as this bearish play continues to hold above support. Wait for the breakdown before playing, as there's plenty of room to profit once the move gets underway.
Bearish Play Updates | Wednesday, October 1st, 2003
Despite the wild gyrations in the broad market this week, this bearish play is still consolidating last week's drop. Look for a break to new recent lows to usher in a decline down to our target near the 200-dma.
Bullish Play Updates | Sunday, September 28th, 2003
Despite the acute weakness in the rest of the software sector, this bullish play has actually held up fairly well, finding support at former resistance.
Bearish Play Updates | Sunday, September 28th, 2003
Timing is everything and we couldn't have been happier with our timing on this play, as it has behaved in a very predictable manner so far. Hopefully it will continue that pattern of behavior!
Bullish Play Updates | Wednesday, September 24th, 2003
Software stocks were due for a bit of a breather and they really took that task seriously on Wednesday. Fortunately our bullish play in the sector held up fairly well and now we're on the hunt for a new entry point.
Bullish Play Updates | Sunday, September 21st, 2003
Just as we'd expect in a bullish Tech stock environment, both of our bullish plays in this section notched new recent highs last week and from the looks of the price action, there's more where that came from.
A Bit of Consolidation
Bullish Play Updates | Wednesday, September 17th, 2003
There's nothing wrong with a bit of healthy consolidation, and that appears to be what's going on with this pair of bullish plays, as the bulls rest for their next charge higher.
Right at Support
Bullish Play Updates | Sunday, September 14th, 2003
This bullish Technology play couldn't manage to build on its recent breakout and spent the majority of the week consolidating just above support.
Bullish Play Updates | Sunday, September 14th, 2003
Concern over a possible false breakdown kept us from chasing this stock lower and with good reason. Friday's early drop was eagerly bought and the stock closed right on its 50-dma. Look for this rebound to stall and fail before entering the play.
A Bit of Weakness
Bullish Play Updates | Wednesday, September 10th, 2003
The pullback in this bullish play is looking pretty mild compared to some of the carnage in the rest of the market on Wednesday. Look for support to firm up and we ought to have a nice bullish entry on our hands.
Bullish Play Updates | Sunday, September 7th, 2003
While not exactly what we wanted to see, the consolidation in this bullish play is not completely unexpected and so far looks pretty healthy. Considering the weakness in the broad market on Friday, the stock's resilience is pretty impressive.
Bullish Play Updates | Wednesday, September 3rd, 2003
Despite the retreat in the SOX, this manufacturer of semi testing equipment tested and achieved highs not seen since last summer.
SOX.X It to Me
Bullish Play Updates | Sunday, August 31st, 2003
With the SOX achieving its highest weekly close since late May, 2002, almost anything semi-related performed well, too. That includes this manufacturer of semi test-handling equipment.
Bullish Play Updates | Wednesday, August 27th, 2003
This company's industry has been the recipient of many upgrades this week. While this company didn't receive an upgrade, it's showing signs that it will tag along for the gains.
Day of Rest
Bullish Play Updates | Wednesday, August 20th, 2003
After leading the rest of the market higher earlier in the week, the Semiconductor sector (SOX.X) finally took a rest to consolidate its recent gains, and our bullish Chip play paused to recharge its batteries as well.
Leading The Way
Bullish Play Updates | Sunday, August 17th, 2003
Despite the lack of conviction in the Semiconductor sector (SOX.X), which ended flat on Friday, our bullish play in the sector managed to chalk up another solid gain as it edged ever closer to strong resistance.
Creeping Closer to Resistance
Bearish Play Updates | Sunday, August 17th, 2003
There wasn't much to report in the Semiconductor sector on Friday, with the SOX ended very close to unchanged. Our bearish Chip play did much the same thing, and while things are definitely looking more bullish than we'd like, this is one of those plays where we want to force the market to prove us wrong.
Reversal of Fortune
Bullish Play Updates | Wednesday, August 13th, 2003
What looked like a choice breakdown in the Semiconductor sector last Friday is coming right back in our face. The play is still alive tonight, and we need to see some sector weakness to undo some of the damage done on Wednesday.
By the Skin of Our Teeth
Bullish Play Updates | Wednesday, August 6th, 2003
We avoided being stopped out of this bullish tech play by the skin of our teeth today, but support held.
Bullish Play Updates | Sunday, August 3rd, 2003
Between our two current bullish tech plays we're seeing muddy movies. The chip stock is starting to creep higher while our electronics/controls player is looking tired and looks ready to dip.
Critical Test Coming
Bullish Play Updates | Wednesday, July 30th, 2003
Last week's tests of channel support weren't enough for the Semiconductor index (SOX.X) and it looks like another one is setting up for tomorrow, at least based on today's 1.5% loss in the index.
Back From The Brink
Bullish Play Updates | Sunday, July 27th, 2003
One test of support wasn't enough for the SOX last week, but the bulls were up to the challenge, stepping in right at the critical point and rallying the group sharply higher into the close.
Bullish Play Updates | Sunday, July 27th, 2003
Our recently added bearish storage device play is still sinking despite the market's big rally on Friday.
Hanging In There
Bullish Play Updates | Wednesday, July 23rd, 2003
Our tech hardware play is hanging in there after Friday's big move.
Bullish Play Updates | Wednesday, July 16th, 2003
The Semiconductor index (SOX.X) once again flirted with the $400 level on Wednesday, but in the end closed fractionally below it. But in a role reversal, our bullish chip plays didn't do so well, one of which took a real bath.
Bullish Play Updates | Sunday, July 13th, 2003
After pulling back from Wednesday's new highs, the Semiconductor index appears to be holding at higher support, and that is a positive for our bullish Chip plays, as they managed to hold higher support as well.
Up, Up and Away!
Bullish Play Updates | Wednesday, July 9th, 2003
Bulls are still buying Internets and chip stocks. We're raising our stops!
Bullish Play Updates | Sunday, July 6th, 2003
Just when it looked like the Chips would have another strong day, some strange action in the futures pits arrived to deflate any bullish hopes ahead of the weekend. Our pair of bullish Semiconductor plays got bruised, but so far the damage isn't serious. Meanwhile, our new play remains strong.
Waiting and Watching
Bullish Play Updates | Wednesday, July 2nd, 2003
Our software play has not yet reached out trigger while the chip long has rocketed ahead on strong moves overseas.
Tech Rally Pauses
Bullish Play Updates | Sunday, June 29th, 2003
The NASDAQ Composite and the NDX have been holding up a bit better than the INDU and SPX but these two tech plays are still churning sideways.
Semis Sink Again
Bullish Play Updates | Wednesday, June 25th, 2003
We're growing more concerned over the semiconductor sector's relative weakness and suggest bullish traders step back.
So Far So Good
Bullish Play Updates | Wednesday, June 25th, 2003
Our recently added bearish play is panning out okay so far this week.
Solid Like A Chip
Bullish Play Updates | Sunday, June 22nd, 2003
Okay, chip stocks may not be that solid right now but this one is holding up pretty well.
Software Stays Green
Bullish Play Updates | Sunday, June 8th, 2003
The GSO software index was one of the few indices to remain green on Firday. Our software long is hanging tough.
Techs Take It Higher
Bullish Play Updates | Wednesday, June 4th, 2003
Our Software plays keep climbing as the GSO hits new multi-month highs.
First Target Hit
Bullish Play Updates | Saturday, May 31st, 2003
An impressive week for the bulls led this play from the bottom of its channel to the top in just over a week. Is there more in store?
Bullish Play Updates | Wednesday, May 28th, 2003
Off to an encouraging start, this bullish play really took advantage of yesterday's NASDAQ strength and kept most of its gains today.
No Follow Through
Bearish Play Updates | Wednesday, May 28th, 2003
While the bulls ruled the day yesterday, they were unable to continue that move and this bearish play resumed its downward drift.
Bullish Play Updates | Friday, May 23rd, 2003
This software company scores a big new deal and shares bid higher.
Bearish Play Updates | Friday, May 23rd, 2003
Just when we needed it, a brokerage downgrade appeared on Friday to weigh on shares of this wireless play.
Doing All Right
Bullish Play Updates | Saturday, May 17th, 2003
This sector leader just keeps on climbing. We're not adjusting our stop at this time.
One's Up, One's Down
Bullish Play Updates | Saturday, May 10th, 2003
Our two tech longs are going opposite directions but both look ready for another leg up. Is this your new entry point?
Bullish Play Updates | Thursday, May 8th, 2003
The SOX's failure to hold above the 350 level could spell trouble for our chip play.
Testing the Trend
Bullish Play Updates | Tuesday, May 6th, 2003
These shares have pulled back to a recent trend of higher lows. Our stop-loss is now located slightly below the rising 21-dma.
Slow and Steady...
Bullish Play Updates | Friday, May 2nd, 2003
This stock is closing in on new relative highs, following two sessions of steady intraday gains.
A Bullish Turnaround
Bullish Play Updates | Thursday, May 1st, 2003
Early losses in this tech stock were trimmed by a steady intraday uptrend. Continued gains on Friday could take shares to new relative highs.
Bullish Play Updates | Tuesday, April 22nd, 2003
This software play has almost achieved its upside objective. We're raising our stop tonight in order to protect a larger gain.
Bullish Play Updates | Thursday, April 17th, 2003
Lingering positive sentiment from MSFT's earnings helped to push this software stock to new long-term highs. We've raised our stop to just below breakdown.
Techs Higher In After-Hours
Bullish Play Updates | Tuesday, April 15th, 2003
Our software play is likely to benefit from bullishness related to the MSFT and INTC earnings. We've raised our stop and also set an official exit target.
Bullish Play Updates | Friday, April 11th, 2003
A lack of direction on Wall Street resulted in more rangebound trading for our software play on Friday.
Software Index Holding Above Support
Bullish Play Updates | Thursday, April 10th, 2003
A downtrend in the GSO.X sent this stock down to its 21-dma. That moving average was successfully tested on Thursday.
Nearly Unchanged For the Week
Bullish Play Updates | Tuesday, April 8th, 2003
Our software play showed some early gains on Monday, but wasn't able to buck the broader market weakness. Some traders may want to tighten their stops.
Hard Times At PeopleSoft
Bullish Play Updates | Friday, April 4th, 2003
PSFT's earnings warning pressured our software play today. The stock headed lower but found buyers near previous resistance.
Approaching the Relative Highs
Bullish Play Updates | Thursday, April 3rd, 2003
A breakout above short-term resistance led to some respectable gains for this software stock. However, negative after-hours news from PSFT might halt the upward momentum.
Still Above Support
Bullish Play Updates | Tuesday, April 1st, 2003
Our software play is holding above a key technical level. However, negative developments in the oscillators should have the bulls on their toes.
Hanging In There
Bullish Play Updates | Friday, March 28th, 2003
A weakening NASDAQ hasn't had much of an impact on this software stock, which is holding just below short-term resistance.
Bullish Play Updates | Thursday, March 27th, 2003
Our software play has encountered short-term resistance. Shares might be able to stage a breakout if the NASDAQ slices through resistance at 1400.
Chip Bulls Leading the Charge
Bullish Play Updates | Friday, March 21st, 2003
Strength in the semiconductor group sent this stock above resistance on Friday. There's quite a bit of upside potential now that the breakout has occurred.
Bearish Play Updates | Friday, March 14th, 2003
The software sector as a whole appeared to rally higher early on and stop dead at overhead resistance. This bearish play was no different.
Rally Spooks Tech Bears
Bearish Play Updates | Thursday, March 13th, 2003
The broad market rally had shorts on the run but this software play remains under resistance for now.
Crack In The Chips
Bullish Play Updates | Tuesday, March 11th, 2003
The close under support for the $SOX semiconductor index is not a good sign for any remaining tech bulls and our chip play is finally starting to feel the pressure.
Bearish Play Updates | Tuesday, March 11th, 2003
We've been warning for days that this stock was due to bounce and we got that bounce today. Please see our new stop loss. Are you looking for a new short position? Stay tuned.
More Relative Strength
Bullish Play Updates | Friday, March 7th, 2003
This play continues to show relative strength. Today's move may not have out performed the markets but it out performed its sector.
Another Day, Another Dollar
Bearish Play Updates | Friday, March 7th, 2003
In this case it is another $1.22 but who's counting? Shares continue to sink but we suspect a bounce in our future. Please note the new stop loss.
Divergence of Strength
Bullish Play Updates | Thursday, March 6th, 2003
Our chip play is showing amazing strength but the news out from Intel tonight could change that. Please see our new stop loss and new profit target.
Sinking Software Stocks
Bearish Play Updates | Thursday, March 6th, 2003
Our software play continues to drop now that support has clearly been broken.
Bullish Play Updates | Friday, March 4th, 2003
Tech stocks showed not one iota of strength this week but fortunately at least one of our tech candidates is showing some resiliency.
Rejected From the 200-dma
Bearish Play Updates | Tuesday, March 4th, 2003
Following an unconvincing rebound, shares of this ADR are once again threatening a breakdown to new relative lows.
Bullish Play Updates | Friday, February 28th, 2003
An eerie chart pattern and a two-faced talking analyst make the updates tonight. No change in stops.
Bearish Play Updates | Friday, February 28th, 2003
A new budget plan gave an unexpected bounce to this foreign software company.
Slipping Slowly Lower
Bullish Play Updates | Thursday, February 27th, 2003
Slipping may be the wrong word as an active trader may refer to today's results as more sideways consolidations. We've not adjusted any stops and remain untriggered in one play.
Are We Out-performing?
Bullish Play Updates | Tuesday, February 25th, 2003
These two bullish tech plays still look attractive but one remains untriggered as bulls need to show some conviction.
An Exception To the Rule
Bullish Play Updates | Friday, February 21st, 2003
Chip stocks tend to lead the tech sector, but that wasn't the case on Friday. This resulted in some light selling in our semiconductor play.
Bullish Play Updates | Thursday, February 20th, 2003
A powerful breakout, backed by strong volume, is a very bullish development for this chip stock. Shares have a ways to go before the next level of resistance.
A New Stop For This Chip Play
Bearish Play Updates | Thursday, February 13th, 2003
Our semiconductor manufacturing stock traced a bearish pattern of lower highs over the past week. New multi-month lows might not be far behind, but we'll probably need some help from a similar breakdown in the SOX.X.
AMAT Misses Earnings
Bearish Play Updates | Tuesday, February 11th, 2003
Disappointing quarterly results from the leading chip manufacturer could push this stock to new relative lows.
Another Strategic Modification
Bullish Play Updates | Friday, February 7th, 2003
The goal of this play was originally to take advantage of a breakout to new highs. We're now attempting to capture a bounce from moving average support. Check out the changes to our entry strategy.
A Good Omen
Bearish Play Updates | Friday, February 7th, 2003
Our semiconductor manufacturing play has fallen out of its recent trading range. With shares trading at new lows, the future is looking bright for the bears.
Bullish Play Updates | Thursday, February 6th, 2003
A lack of movement in the tech sector has this NASDAQ-100 component trading in a directionless fashion. Neither one of our action points has been triggered.
Check Out the New Stop
Bearish Play Updates | Thursday, February 6th, 2003
This chip manufacturing stock rolled over from its 200-dma on Wednesday. A breakdown in the SOX.X could push shares to new relative lows.
Anticipating a Pullback
Bullish Play Updates | Tuesday, February 4th, 2003
We've outlined an alternate entry strategy for legging into this NASDAQ-100 stock. A rebound from moving average support might prove to be an attractive buying opportunity.
Bearish Play Updates | Tuesday, January 4th, 2003
Our chip short has drifted lower over the past two sessions. Shares finished with a fractional gain today, but not before tagging a new multi-month low.
New Exit Points
Bearish Play Updates | Friday, January 31st, 2003
We've tightened our stop and also set an official profit-target for this travel stock, which tagged a new multi-month low on Friday. Meanwhile, our semiconductor play headed lower on negative sector news.
Another Contender Emerges
Bearish Play Updates | Thursday, January 30th, 2003
The discount internet travel business just got a little more crowded. The prospect of increased competition didn't sit too well with shareholders of this stock.
Bearish Play Updates | Tuesday, January 28th, 2003
We've tightened our stop on this short play. The stock is trading above its 200-dma without giving any clear indication of where it might be headed next.
Sinking Tide Lowers All Tech Boats
Bullish Play Updates | Friday, January 24th, 2003
A sharp NASDAQ decline dragged this biotech play below short-term support on Friday. Underlying moving averages may help the stock find buyers next week.
Downtrend Is Intact
Bearish Play Updates | Friday, January 24th, 2003
Like most four-lettered stocks, this short play finished with a loss on Friday. We're looking for a violation of moving average support to pave the way to a steeper decline.
Amgen Meets Expectations
Bullish Play Updates | Thursday, January 23rd, 2003
With no major earnings surprises from AMGN, our biotech play looks like it will continue to hold above support on Friday.
Rebound Lacks Conviction
Bearish Play Updates | Thursday, January 23rd, 2003
Shares of this travel company underperformed the NASDAQ on Thursday and posted a gain on weak volume.
Waiting On Amgen
Bullish Play Updates | Tuesday, January 21st, 2003
Biotech bulls had trouble finding traction today as the broader market drifted lower. We're not expecting any major movement in this stock ahead of Amgen's earnings announcement.
Bullish Play Updates | Friday, January 17th, 2003
Our sector play was dragged lower by the overall tech sector on Friday. Shares showed good relative strength and still look well-positioned to continue higher if the market stabilizes next week.
Just What the Docter Ordered!
Bullish Play Updates | Thursday, January 16th, 2003
Positive sector news pushed our biotech play above resistance on Thursday. Shares look technically poised to continue higher in the near-term.
ALA Lifts Telecom Sector
Bearish Play Updates | Tuesday, January 14th, 2003
The general bullish atmosphere and the ALA Q4 news lifted the sector and put bears on the defensive. We would not look for new positions in this telecom at this time.
Biotech Index Looks Healthy
Bullish Play Updates | Tuesday, January 14th, 2003
A technical breakthrough in the BTK.X has us expecting a similar move in this un-triggered sector play.
Morning Weakness, Afternoon Strength
Bearish Play Updates | Friday, January 10th, 2003
This stock reached new multi-year lows on Friday and triggered our short play. A sudden uptrend during the final hour of trading wasn't enough to take shares above near-term resistance.
Duking It Out
Bearish Play Updates | Thursday, January 9th, 2003
There seems to be a lot of uncertainty surrounding this stock; shares have traded two inside days. A break out of this sideways pattern could lead to a violation of crucial long-term support.
Still In A Downtrend
Bearish Play Updates | Tuesday, January 7th, 2003
Our un-triggered tech short followed the NASDAQ higher on Monday but wasn't able to clear overhead resistance. A rollover might provide eager bears with a chance to get in ahead of the crowd.
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