We got the breakdown and test of Friday lows, now it's a choppy mess thanks to option traders. Let's see if bulls can get YM to close above 12585 and ER above 807.10. It does look like SMH (semi-conductor holders) will close below its 200 DMA (33.68).
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on Monday, February 12, 2007 at 2/12/2007 03:45:00 PM.
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2/12/07 5:22 PMThanks for mentioning INTC! I’m not a sophisticated analyst, but I have been at it for some time. I am looking for a recommendation for a stock screener. Can you suggest one?
2/12/07 5:33 PM
INTC was definitely a sell last week. The whole semi goup will get out of this slump, but we could see more downside first. As far as stock screeners, I really don't use them so I can't help you there. When I buy stocks, I go for a sector that is about to reverse and then I pick the best in the group. INTC is on my list, but I am targeting an entry around 19. I'm in no hurry.
2/12/07 5:48 PM
Im going to try to look at 100 charts a day from http://stockcharts.com/SharpCharts/voyeur.html until I find a screener. This is a very interesting link.... Also, having been a VectorVest user Im well aware of the use of sectors/industries to line up trades. Thanks for your input here.
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