Dropping The SOX
Watching sectors, in particularly the Semiconductor Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) is a
good place to start to start looking at what side of the market to be on. All
morning in the TradersWire Interactive
chat room, the talk has been geared to the SOX going down.
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When the index breaks down below an intraday slanted triple
bottom, that is a key to be short in stocks like Nvidia
(
NVDA |
Quote |
Chart |
News |
PowerRating).
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NVDA gives a good entry when it breaks down out of a Slim Jim
for a loss of nearly 2 points.
Key in on the sector for intraday direction, then look at the
individual stocks.
Have a great weekend!
Duke
P.S. I am really looking forward to meeting many of you who have
signed up for Kevin Haggerty’s seminar May 17-19 in sunny Santa Monica,
California. Those of you who are interested in learning more about this 2 1/2
day workshop face-to-face with Kevin,
click here.