3/21/2007 Review: Nasdaq, SMH, SOX, GOOG, AKAM, WFR, FFIV, RIMM, LVS, UNH

It was a great day!! Thanks Feds! Let the bulls run!! I tried to stay positive since I started this blog on Sunday 3/18, hoping that the Feds will help spark a broad-based rally. Or, maybe the bulls are just looking for an excuse to rally. A few days before the selloff at the end of February, I read an article somewhere (forgot where), which said that we needed a sharp, quick correction before going even higher. So, when the selloff came, and it came sharp and fast, I was convinced that we are going to bounce off and head for even higher grounds. Let's hope that this is what's ahead of us.

Let's take a look at Nasdaq:

Nasdaq closed above all 10, 20, and 30-day MAs. I would very much like to see the 20-day MA start to turn up. Nasdaq's MACD got a big jump up today! Nice!

We talked about the semi-conductors for the past few days and looked at SMH. SMH did well today, but, SOX did even better!

SOX's chart looks really good. It closed above all MAs, and the MAs are curving up! MACD turned positive and the upper BB has already opened up. We really need this sector and the telecoms to continue to rally to help boost Nasdaq up!


Last night, I was looking for GOOG to make a big jump and go above the MAs. It "almost" did that today.

GOOG closed right at the 30-day MA. The MACD turned positive and we have a pretty good up volume. Hopefully, it'll try to break 465 this week. If GOOG catches the upper BB, it can fly!

AKAM has been taking things slowly, and, it finally woke up today.Like GOOG, it also closed right at the 30-day MA. It needs to break 55 and catch the upper BB. MACD, MFI, RSI are all good; the best thing is the "big" volume today!

UNH has been toying with the resistance at around 54.1 for a long time. It finally broke out today!

UNH also caught the upper BB today, so, I think it'll go up more in the days to come! The volume was also good today.


Last night, when I looked at POT, I thought POT would try for 166 today. It did well, but, didn't quite make it to 166. Its MACD just turned positive and the upper BB is not too far away. Its intraday charts are a bit toppy. Hopefully, it will be able to hold the present gains and try to break 166 next week.

WFR went crazy today, toppying 61!! That's over 6 points and a 12% gain in 2 days! RIMM also made a jump today. FFIV has made a nice advance.

So, after a big day like this, many of the intraday charts are getting toppy. We might have some choppiness tomorrow. But, I hope the bulls will be able to pull out some follow-throughs. I'm looking for Nasdaq to test 2500 sometime next week. If the SOX runs with strength, it could easily catch the upper BB around 490 and break out!

3/20/2007 Review: Nasdaq, SMH, GOOG, WFR, POT, MGM, WYNN, LVS, GS, VIP, FFIV, ORCL, ADBE

Nasdaq did pretty well today. And, the semi-conductors and telecoms pitched in, which certainly helped. Little disappointed about GOOG, but, there were plenty of others to cheer about. Let's take a review with the charts:


Nasdaq looked good today. Last night, I was hoping see that it would close above 2400 and have its MACD turn positive. Both of which it did! And, as expected, it hit the 2410 20-day MA and took a rest there. This was good because we stayed green with good gains and saved room for a burst tomorrow. Let's hope the Feds have nice things to say that would arouse the big rally!!


I was hoping that the semi-conductors and the telecoms would join in today. They did!

SMH closed above the support today. And, we can see that the 10-day MA is still moving up. It is definitely better, but, we need to see a lot more from this sector. Let's hope that we'd get a broad rally tomorrow and that SMH (and the SOX) and retake their recent highs soon!


GOOG was a bit disppointing as it closed a bit in the red. If GOOG had rallied though, we might have gone too fast, for it might have inspired more buying today.

Now, I'm going to "choose" to focus on the good things again:
1) MFI is curing up
2) MACD went up, even though the stock was down a bit
3) the MAs are bunching up, if GOOG can get a big jump tomorrow and pass 458, it would clear all 10-, 20-, 30-day MAs!


I looked at POT last night and thought that if it gets above 156.8, it might make a move. And, it did!

POT managed to close above 158, up more than 4 points! It closed above all MAs, with the 10-day MA curving up. MACD, RSI, and MFI are all shaping up. So, if a rally comes tomorrow, we might have 166 look for!


GS was able to get some buying interests today.

It closed right at 204 today, above the 20-day MA and the 30-day MA is not that far away. MACD, MFI, RSI are looking up, with MACD being positive.


Now, the casino group made some good jumps today, with MGM up 4.2% and WYNN up 2.8%, but, LVS (normally, the strongest in the group) was only up 2%. So, I thought it might go up more and be the strongest tomorrow.

Its chart looks good. It closed above 20-day MA and touching the 30-day MA. The MACD had already turned positive and is moving up nicely. And, it had good buying volume today. So, let's hope the rally is there tomorrow and LVS would participate in a big way!

I will keep an eye on VIP and FFIV tomorrow also. VIP made a hugh move yesterday and backed off a little today. FFIV is looking ready to run with the pack! In after hours, ORCL and ADBE had good earnings news and both advanced. So, it's all waiting for the Feds. Hopefully, what they say will spark the market tomorrow and get a broad-market rally going!