Filed under: Industry, MasterCard Inc’A’ (MA), QUALCOMM Inc (QCOM), Juniper Networks (JNPR), Technology, NASDAQ

Minyanville contributor Sean Udall dares to share the kind of keen insight and actionable information you won’t find in any prospectus. For more original thought, visit www.minyanville.com.

• I’ve taken a leg in the Ultra QQQ ProShares (AMEX: QLD). The market has popped 2% off lows, the question is will it pop the full 7%?

• I’m seeing a few positive divergences and the percentage of stocks below the 50 day moving average is well below the 2002 levels. I haven’t looked at the percentage of stocks below the 200 day, but I’m sure the reading should be equally distressed.
• I know people are pricing in earnings per share Armageddon in tech land — so the question is, what happens to many of these stocks if it’s really just sort of “punk” and not a total cataclysmic drop in revenue guidance.

Continue reading Tech sector at a glance

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This entry was posted on Tuesday, October 7th, 2008 at 3:00 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.