Stock Watchlist 1.18.11″ Conductor’s on the clock”
Long weekends give me the extra time to review my journals, extra charts etc. I was only vaguely aware of the semi conductor breakout but after reviewing charts of UCTT NANO RTEC BRKS I noticed that these thing our way overdone and the R favors shorts. Being camouflage over the last month by rare earth stocks, these things are ready for a blow off top. Make sure you stay in touch with these all week.
Watchlist : ALXA BRKS HTCH RTEC SANM EXFO
Previous watchers: ZAGG MGIC REDF SIFY
Weekly trade stats below from 1.10.11 to 1.14.11
1..10.11 – JASO (+330) IGOI ( +300 ) LOCM (-140) SIFY(+180)
1.11.10 – REDF (+1080) LNG (+220) KLIC ( -185 )
1.12.11 – AONE (+220)
1.13.11 – IGOI (swing +3285) OVTI ( -170) SCOK (-225) EEE (+420). LQMT ( swing -775)
1.14.11- TTMI (+285)
Total for week +4,825
ALXA
Mega pop on 3x volume. I would look for this to pull back some Tuesday. historically looking at the chart it seems to have a hard time holding these massive one day spikes.
BRKS
Semiconductors have been incredibly bullish. I’m looking for this sector to start cutting the weight this week and this chart looks ripe for a manly pullback. Like to see some a.m. pops followed by fading.
HTCH
Subtle daily breakout on the daily chart. This could run a little more but the volume would have to be stronger and the price has to stay above 3.85. Could be a pre earning runner into 1.25.11
RTEC
Another semi powerhouse that should trim some of it’s fat this week. Pay attention to fades followed by failed rallies to start short positions.
SANM
Lot’s of volume breakouts on this chart. Stock is under heavy accumulation but no significant news engine to fuel the move. None the less there should be a play on this one direction or the other.
EXFO
Nice looking chart. I think if this can hold up the gap it should make a run towards $10
SMCI
NPBC
SUSQ
