Sector Investing

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KLIC Charts - Over the last couple of years I have made a number of good trades on KLIC mostly short (thanks Jacob) but also long. After KLIC's recent earnings's report and guide down it looks like KLIC should fall quite a bit more to me down towards the 9.12 to 9.41 level. That is unless the market continues to rally beyond the CSCO report on Feb 13th. I consider that unlikely although the DJIA and S&P 500 could test former all time highs before then:

Here are the charts with annotations. The big information is in the Bollinger Bands and Channels on the weekly chart. The 15 minute chart seen first might be useful for a short term trader.






Keep in mind that had KLIC's report (guidance) been good instead of bad that KLIC could be running higher. I trade mostly off technicals, sentiment and market breadth but good fundamentals can kill anyone who shorts too many shares to cover their loss. Losses that can cause margin calls.

RtS