Marvell Technology Inc (MRVL)

[SyndicateTwo]

The rotation is starting. If you've been watching over the last few weeks, every down day (what few there have been) in the market has seen the $SOX still up. Yet, it's not really going anywhere. It's showing signs of rotation from the boring slow stocks into semis and high beta which is very good. It means that investors are feeling an appetite for risk.

Now, that said, $SOX 473 is the point to watch and if broken, stocks like MRVL will be off to the races.

The big thing for MRVL I think is the story the other day about stores taking pre-orders for PS3. That means the party is about to start