Turn up the Base a little!
The Bulls did a nice job today of containing the damage from Friday. Small Caps were leading which contributed to the positve breadth on the Nasdaq 16:13 . Breadth on the NYSE was even better at 2 :1 positve. The large Caps in tech land are still feeling the pressure which is creating an overall feeling of gloom. However, under the surface their are signs that the market will launch another attempt to the upside before finally rolling over.
We have been increasing our long exposure today in order to play an expected bounce. We still believe that the Nasdaq may reach for 2300 in the next 7-10 days. We have added long exposure in the follwing names: SPWR, ADBE, ZGEN, AMD, CSCO, DIS, KLAC, QCOM, NDAQ.
In the last two days we have also initiated exposure in the following ETF'S : A large position in IWM and small positions in EWK, EWW, EWC, EWZ, ILF. We have also decided to play a little SMH from the long side for an overdue INTC bounce. We would have preferred to buy INTC directly but we are prohibited from buying it until the Wash Sale rule expires for us.
If You Held a Taser To Our Head:
TXN reported a relatively in line quater after the bell. Expectations were low going into the report which may bode well for the tech sector. The market only has to base for a little bit longer before the dip buyers start doing their THANG. Our stops are loose like Paris Hilton....oops that wasn't nice.
Hope you traded well
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The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
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We have been increasing our long exposure today in order to play an expected bounce. We still believe that the Nasdaq may reach for 2300 in the next 7-10 days. We have added long exposure in the follwing names: SPWR, ADBE, ZGEN, AMD, CSCO, DIS, KLAC, QCOM, NDAQ.
In the last two days we have also initiated exposure in the following ETF'S : A large position in IWM and small positions in EWK, EWW, EWC, EWZ, ILF. We have also decided to play a little SMH from the long side for an overdue INTC bounce. We would have preferred to buy INTC directly but we are prohibited from buying it until the Wash Sale rule expires for us.
If You Held a Taser To Our Head:
TXN reported a relatively in line quater after the bell. Expectations were low going into the report which may bode well for the tech sector. The market only has to base for a little bit longer before the dip buyers start doing their THANG. Our stops are loose like Paris Hilton....oops that wasn't nice.
Hope you traded well
___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
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posted by Kleiner Capital Management, LLC. | 6:06 PM
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