Oops, this market way stronger than I expected. (I told you I'm always wrong, hehe) Even next week could see some pullback, (if any, maybe even no pullback) we should see a higher hi, market likely will test 10800/10900 & 2100 level early to mid Jun. Nasdaq could even go higher to 2150 level. But at the mid to late Jun time period, due to Fed worry (if coutinue raise rate) and corp option expense issue etc, this rally (you can call it summer rally, even likely it will stop around summer official start 6/21) could get killed. A big dip likely will follow. But anyhow, next week if any pullback, it could be a buy opportunity for ST trade.
Pick:
If market up: XLNX long > 28.4
YELL long > 54.25
VIP long > 36.10
SINA long > 29.75
SLAB long > 27.6
HAR maybe long here
If market down: SINA short < 27.9
SNDA short < 31.75
CLF short < 54.5
CCJ short < 37.25
IBM on short watch
Good luck & happy trading
Always wrong but never in doubt
mzc
