QID - QLD TRENDS (fka )

[J Kirksey]

Slight trade down open - good! SOX SMH INTC showing very slight negative MACD's and MXIM which has been in that pattern for a week in now narrowing its negative spread - a good sign IMO.

What is going on - MACD's have been in a bear pattern for months and have recovered from the bear lows to almost dead neutral - 0 on scale. The kissing patterns we are seeing should continue and resolve to a bull move as we have not retreated back into bear territory. With semi having retreated from pivot high to a day close reading of 5 - a bottom - it is confirming.

So if 6/14 was a bottom and MACD's were neutral - next move should be [must be] up!

As always - watch for breakouts in the strong stocks - BRCM MXIM ADI and I include INTC and MSFT as they are in the DJI where institutions will can easily place $.

BRCM MXIM already at DHH with mkts negative - no shorts making money, they have to cover and dealers will screw them good.