Jim's cycle trades

[Jim Smith]

NKE has broken a large symmetrical triangle......

[Jim Smith]

TLT....I was just a day or so early on this trade.....Looking for a move up to 87 into next week.....I think this will allow for a snap back rally in the equities.....But, it's just a short opportunity.

[diogenes]

That's why they purchased Alienware. It was cheaper to buy them then develop competing hardware (Alienware's systems were favored by gamers over the XPS systems).

I am not so certain about that, as Dell has been talking to gamers, too, well after the AW purchase.
I think that the AW purchase might have had more to do with a way to introduce the AMD chip into their systems, without trouble with Intel.
As we see a continued shift in the XPS system configurations and the fact that Dell seems to be very interested in reviews of the XPS system within the gaming community, I suspect that this is a two-pronged approach rather than leaving AW to deal with it alone.

Edit: Looks like Dell now has AMD chips.

[RL]

Jim good place to buy IFO?

[Jim Smith]

no good place to buy IFO......damn good place to short NKE.

[Jim Smith]

Geez o pete.......The nasdaq comp broke the trendline all the way back to 2002

[gerihearne]

mot

Jim, do u still like motorola?

Cordially,
Geri

[Jim Smith]

MOT.....no....there are better bounce candidates ......going to study some charts Sunday and post in the evening......

[Jim Smith]

Gold stocks might be bounce candidates....going to watch GG...

In general, many indexes are in the weekly channel and can drop much more just to reach the bottom rail of their respective channels.....ie the dow jones.

[Jim Smith]

I still expect the 10 year treasury to reach 4.8% yield by the early part of June.....Dance around there for short period, then start heading higher into 6.5% by next summer.

[Jim Smith]

A few things telling me we're in trouble.....the RTH is breaking out a large symmetrical triangle which tells me the consumer is in trouble.....treasuries are getting a flight to quality bid, I thought at first this would help equities and that's not working....the Nasdaq comp is breaking a four year trendline....the Dow Jones is still not where it can bounce...the IWM broke back into the channel but is high on the channel still.....Look at LOW....nice projections and earnings yet new lows for the move.....this market is looking for a recession, IMO.

[Jim Smith]

IFO showing incredible relative strength.....when the indexes do bounce, IFO could explode to $30

[DSteckler]

Nice call on IFO.

[Jim Smith]

GOOG....long....bouncing off the 200 day after spending several days hugging it....This was a huge runner this time last year....

[gerihearne]

camh ... yikes

under 2.00 ...

glad you posted concerns about it .. i never got in

cordially,
geri