Tag Archive for 'SMH'

Rollercoaster

Published on June 23, 2011, 11:40 pm in Trading. Closed Tags: , , , .

What a morning dive! Ugly….but hope springs eternal….and the techs and semis came through in the afternoon, dragging the rest of the markets behind them. Let’s give them applause: RIMM AAPL QCOM SMH USD. Good job gang!

Oh yeah, we also got help from the Greece’rs as they came to term with the EU and IMF. Oil took a beating but helped the markets by giving airlines and other transports a boost.

Europe should be happy in the morning and maybe we can keep it going.

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Slick oil

Published on August 25, 2010, 10:34 pm in Opinions and Trading. Closed Tags: , , , , , , , .

One of those weird days when gold, oil and the dollar, along with stocks, were up! As expected Durable Goods and the New Home sales sucked. Unexpected was the big oil inventories build-up, which sunk oil prices. But, like the last time this happened in late May, traders saw opportunity and started buying oil futures. And like it has done all year, oil led a move to the upside for stocks.

Keep an eye on oil to see which way we go stockwise. If oil continues its bravery, watch UCO USO and ERX.

Semiconductors also had some oomph in its step, most likely with the help of AAPL and INTC, but also watch XLK and SMH.

The crash for the day belongs to golfer Jim Furyk: Jim Furyk is disqualified from Barclays for missing pro-am tee time. Gee if he traveled more often he would know wbout hotel wake-up calls! :cry:

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