It’s Back

• January 29, 2001
• Kevin Marder

Monday saw a return
to the bad-news-is-good-news
groove.

This, after a few days of the
opposite.

And another trend day in the Naz.

More gains up and down
the semi corridor.

A positive has been the
low amount of distribution seen in this important group over the past three
weeks.

The bad news — which was nothing new,
anyway — came from cautionary words from Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating).

The good news was that the semis and
tech in general cast aside early softness on the CSCO reaction to put in a nice
day, closing well.

Among the names, more stand-up action
in Check Point
(
CHKP |
Quote |
Chart |
News |
PowerRating).

Alliance Capital
(
AC |
Quote |
Chart |
News |
PowerRating), mentioned
here as a base-builder, broke out of its four-month pattern on solid turnover.

IXIA
(
XXIA |
Quote |
Chart |
News |
PowerRating) moved into a
Connors-Cooper 1-2-3-4.

Recent new issue Avaya
(
AV |
Quote |
Chart |
News |
PowerRating) sets
up.

Cabot Micro
(
CCMP |
Quote |
Chart |
News |
PowerRating), which a week
ago failed miserably, is a good example of a stock with a faulty handle.

Capital One
(
COF |
Quote |
Chart |
News |
PowerRating) acts well.