Monday, April 23, 2007 8:20:27 AM
Thanks, WB. $SSEC is roaring to 3710.89 after the breakout from 3050 which is 15yr resistance.
We have TXN report after AH. I noted that $SOX and SMH are trading at 7yr resistance and 7mo trading range. We now have initial breakout; therefore, with the current bullish sentiment, unless TXN badly disappoints, it seems that the bullish sentiment will continue.
Again thanks for the articles, I will post my thoughts later.
Have a great trading day
~~~
$SSEC is making new high to 3710.89 while Futures are flat in premarket. $KOSPI also traded to new high to 1544.35 continuing to trade up after the breakout.
We have TXN earning report in AH which will confirm or fail the SMH breakout. Knowing the bullish sentiment of market, the report has to be disappointing to stop the breakout.
We have TXN report after AH. I noted that $SOX and SMH are trading at 7yr resistance and 7mo trading range. We now have initial breakout; therefore, with the current bullish sentiment, unless TXN badly disappoints, it seems that the bullish sentiment will continue.
Again thanks for the articles, I will post my thoughts later.
Have a great trading day
~~~
$SSEC is making new high to 3710.89 while Futures are flat in premarket. $KOSPI also traded to new high to 1544.35 continuing to trade up after the breakout.
We have TXN earning report in AH which will confirm or fail the SMH breakout. Knowing the bullish sentiment of market, the report has to be disappointing to stop the breakout.
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