Long left for dead, Microsoft (MSFT) has shown a huge gain in the after hours trading today as it woke from a long coma. The blue line on the monthly chart below shows where the stock closed in after hours trading, that is a high … Read More
Although the closing numbers were weak, the markets staged powerful intraday reversals that caught many participants off guard. More in the vido below.
The semiconductor index (SOX) is down 5% and showing no signs of bouncing. See the video below for more details. The primary trend of the Qs is still higher, shorts need to be traded very aggressively if you are trading the short side.
Video view of after hours movers of at least 5% on at least 500K volumeIncluding; Amazon.com, Inc. (Public, NASDAQ:AMZN)RF Micro Devices, Inc. (Public, NASDAQ:RFMD)Broadcom Corporation (Public, NASDAQ:BRCM) Riverbed Technology, Inc. (Public, NASDAQ:RVBD)Altera Corporation (Public, NASDAQ:ALTR) ANADIGICS, Inc. (Public, NASDAQ:ANAD)SAVVIS, Inc. (Public, NASDAQ:SVVS)Illumina, Inc. (Public, NASDAQ:ILMN)
The early response to earnings reports after teh bell isn’t looking as strong today. There is more weakness in the semi group from ALTR and BRCM and negative reactions to AMZN and TRMB as well. A lot can happen overnight but these stocks don’t paint … Read More