Good Morning all
Well GOOG missed right, it was by 3 cents, holy cow huh? Let me tell you all that was NO miss! This company is so amazing they grew their top line at a rate of 60%, their profits surged to incredible highs. I would not worry about GOOGLE. Next SNDK came in gigantic, beat big and guided much higher this stock is going to 70-75 very soon. Even MSFT joined the party by coming in line and guided up next Q as well. Look I checked all the charts on P&F early this morning. We are going to new highs again on all the indexes. The lagging area is the RUT 2000 but that chart says we breakout at 860 and it's going to happen soon. The DJIA which had that 3 box reversal of 150 points the other day just reversed back up and looks like an explosive move is coming. The only thing holding this index and the NYSE from going to the moon is the Financial Sector. They are dragging the bullish percent down while the index is making news highs. That is all because of the sub-prime current debacle which at some point will turn back up again like all sectors being down and out in Beverly Hills. Other then a catastrophic event this market is going much higher over time. Short interest at all time highs, the VIX index persistently staying high, the P/C ratio is ridiculously at high levels, meaning that traders are continuing to look for a correction of at least 10% and the markets continue to confound them each and everyday. The turn around time frames on these index charts are showing me dip buyers are still alive and well. It's truly amazing if you ask me. Today is op ex Friday always volatile always interesting. I gave the room 2 options trades yesterday buy the Sept KLIC 12.50's, and buy the Sept JASO 40's. Hold both thru earnings next month. Let's start to have Tues night class at 7.00 pm again the room needs it.
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QID---41.70 THE BTL---41.10 THE SST---THIS INDEX LOOKS LIKE DEATH AND TAXES THIS IS NO BUY YET IF YOU ASK ME
MSFT---31.10 THE BTL---30.55 THE SST---CAME IN GOOD LAST NIGHT LET'S SEE HOW IT'S GREETED TODAY HUH?
KLIC---12.00 THE BTL--11.50 THE SST---UPSIDE PRE ANNOUNCEMENT DID LITTLE FOR THE STOCK MAYBE TODAY FOLKS
BRCM---35.15 THE BTL---34.55 THE SST---SO SO REPORT BUT THIS SEMIS HAS BEEN LAGGING THE SECTOR DUE TO POP
NVLS---32.60 THE BTL---32.30 THE SST---FOR SOME REASON THE STREET LIKE THEIR EPS REPORT BUT I DIDN'T
MRVL---19.75 THE BTL---19.25 THE SST---THIS LAGGING SEMIS IS DUE FOR MUCH HIGHER NUMBERS SOON WATCHING
SOHU---33.90 THE BTL---33.30 THE SST---VERY STRONG CHINA INET SECTOR INCLUDES SINA AND NTES TOO
CIEN---40.00 THE BTL---39.40 THE SST---SUPER NICE MOVE YESTERDAY LOOKS REALLY GOOD ON THE CHARTS
JASO---39.40 THE BTL---38.80 THE SST---I LIKE THIS NAME JUST OFF HOW THE CHART LOOKS IT'S GOING A LOOT HIGHER
SMH---40.70 THE BTL---40.10 THE SST---WATCH THE 3 AMIGOS AMAT-TXN-INTC FOR THIS ETF TO MOVE UP OR DOWN.
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WE TRADED BETTER YESTERDAY KEEP WORKING HARD AND ALWAYS TAKE PROFITS TOO SOON. I KEEP POUNDING THE TABLE ABOUT THIS. NO ONE IS SCALPING FAST ENOUGH, STOP BEING GREEDY.
HAVE A GOOD WEEKEND ALL
JERRY & INNA
Jerry Olson
The Jog Group LLC
jerryo34@verizon.net
