Biotech

It offers us a good opportunity to get in some of the favorite names.

Open

This morning the bright spot is at semiconductor sector. The other sectors are experiencing the brief profit taking. I still think we have a little more downside to work with in the coming week. I am feeling pretty down today as I stopped out my GOOG position at lower prices yesterday. Even though I know I am generally pretty good at trading, I can still feel my stupidity sometimes. So less blogging probably today as I recharge myself.

IDBE

A winner from last night's newsletter.

CME

CME is trying to breakout the range.

Open

The market open weaker this morning. I have been saying in newsletter that we might see a pause short term, due to at resistance and too much optimism. Today it might finally start.

Update: CVTX

Update: KERX

KERX has been steadily climbing up since it broke up the resistance last week.

CKCM

I mentioned it over MSN yesterday at $24.

Update: ENCY

Open

We have a split market this morning, biotechs on the rise, semiconductors and internet are on the downside. I am closing some long positions this morning.

ENCY

I recommended it last week, it has a nice continuation today.

ANGO

After an upgrade, ANGO is selling off. I don't like its action so far, so I would suggest to cut the position at least half before it touches my stop at $24.5.

GOOG

GOOG on the move again. YHOO's earning is the key.

Strong open

We got a boost from IBM's strong earning. Technology is leading the rally once again. Some momentum money is rotating out of biotechs, into semiconductors and interent.

KERX

One of my picks from last night's newsletter. More upside ahead.

IIJI

DSTI

Slow day

It has been a slow day so far. Can we see some strength towards to the close? I am sticking with my bullish stance and seeing this weakness as buying opportunity.

Open

This morning Citi's miss triggers some profit taking. So far the pullback is minimal, and I don't see any damage yet.

Announcement

I am going to raise the subscribing fees for both gold and platinum service at end of July, to $40/month and $120/month, respectively. This fee change DOES NOT apply to the current members. To lock in the current rate, please act now by signing up.