INTC, MSFT, SUNW, RHAT, LU, QQQ and RUT

INTC has stablized from declining. We may see some kind of bounce to 22. AH quote is at 20.96 x 21.00 on INET.


MSFT will form a triple-top around 28.6.


SUNW broke its short-term uptrend, but held up at 4. It has to break out from 4.3 to resume the uptrend. The large volume and volatility on Friday might be related to option expiration maneuver.


RHAT is building a base above support at 12.


QQQ has maintained its uptrend line. It bounced back right from the uptrend line on Friday and today.


RUT broke the uptrend line slightly. I have opened a new position on PMCGX, which closely follows RUT. I will close half when RUT is at 593 or stop out at 555.

RHAT

RHAT is stablizing after changing accounting methods. Missed today’s big pop. Will scale out some on the calls. It’s interesting that it backed off from SMA 20.

RHAT

RHAT is stablizing after changing accounting methods. Missed today’s big pop. Will scale out some on the calls. It’s interesting that it backed off from SMA 20.