ajtj99's Market Pulse

[plexxus]

Agree the banks could take a hit if the BKX loses its support line off the October lows.

http://stockcharts.com/h-sc/ui?s=$BKX&p=D&st=2005-08-10&id=p07141865468&a=74212598&a...

Some of the most bearish news has emerged in the many of the techs the past couple of sessions. Who's going to be next???

http://biz.yahoo.com/ap/060522/options_dating.html?.v=2

Speaking of which check out this bearish resolution out of a 4 year base/triangle in KLAC.

http://stockcharts.com/h-sc/ui?s=klac&p=D&st=2001-03-07&en=2006-12-31&id=p8322440440...

SMH is in breakdown mode as well.

http://stockcharts.com/h-sc/ui?s=smh&p=W&st=2001-03-07&en=2006-12-31&id=p99666202312...

As the semi's go so often goes the market.

BTW the SPX is nearly 10 pts below the 4 p.m. close...institutional sell programs kicked in between 4 and 4:15 likely due to the closing move through the 200 MA on that average.