Despite more weakness in the Dow and S&P, there were still some nice breakouts today. Since money is moving into Tech, these three are technology plays.
[[NETL]] NetLogic Microsystems, Inc., a fabless semiconductor company, designs, develops, and markets processors and integrated circuits.
It seems a VP sold some shares today, so it might be possible to get this one a bit cheaper tomorrow.
[[VLTR]] Volterra Semiconductor Corporation designs, develops, and markets analog and mixed-signal power management semiconductors for the computing, storage, networking, and consumer markets.
[[VRSN]] VeriSign, Inc. provides infrastructure services that enable and protect interactions of voice, video, and data networks worldwide.
What a beautiful cup-with-handle breakout!
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(I posted this earlier, but I wanted it to be on your newest thread) Wood, I also posted this to RC, I have a pick that I would appreciate your thoughts on. NCEN is an ob wind energy play. If you pull up a 6 month chart (I would put on this on here if I could) you have a beautiful trendline looking to hit the pullback trendline and some support all in the 3.6-3.8 level. I think that this one has some momo to go higher from there and I am hoping to see this play out in the next week or two. I would appreciate your thoughts. Thanks, Danny.
Danny, I’ll try and get to this today. Sorry, power was out all night until just a second ago.
Do you believe that all gaps will eventually get filled on charts? That is a sizable gap at 12.50 on the VLTR chart. NETL has a big gap too.
WTF is going on with the Q’s?
They have been sitting right below the major resistance line all day ($50.40).
I placed a bet on the QID, expecting the Q’s to bounce off $50.40 but its gone nowhere all day. Does anyone believe the Q’s will break down? Or is a breakout setting up?
Its decision time for the Q’s…