Message-ID: <18139906.1075857104276.JavaMail.evans@thyme> Date: Mon, 11 Dec 2000 17:20:00 -0800 (PST) From: editorial@mail.realtimetraders.com To: editorial@realtimetraders.com Subject: Momentum is starting to build in technology stocks Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: "RealTimeTraders.com" X-To: Editorial@realtimetraders.com X-cc: X-bcc: X-Folder: \Andrew_Lewis_Dec2000\Notes Folders\Discussion threads X-Origin: Lewis-A X-FileName: alewis.nsf Dear Subscriber, please note that you are receiving this email because you have opted into our FREE daily market analysis newsletter. If you=20 would like to be removed from our list, reply to this email with remove=20 in the subject line. Thank you! December 12th, 2000 Previous Session's Best Performing Alert One of Monday's Before the Bell Alerts Human Genome Sciences Inc.=20 (HGSI) gained 9 points after our alert. RealTimeTraders.com offers free=20 real-time stock alerts throughout the day. Why pay for=20 chat rooms and stock pickers for old news? Morning Watch List This section contains 6 stocks that are expected move in 1 to 5 days.=20 Click here for this morning's Watch List Stocks:=20 http://www.realtimetraders.com/realtimetraders/marketinfo/watchlist.asp Beyond The Numbers Monday=01,s action resembles the good old days Monday morning futures indicated for a very sharp opening. Markets=20 gapped open higher and traded lower due to the continued uncertainty=20 in the political front. However, shortly after dipping into the negative=20 territory, buyers stepped up to drive the markets higher again. Strength=20 in technology stocks helped Nasdaq outpace the blue-chip index.=20 Nasdaq finished the session higher by 97 points to close above the=20 3000 mark. Blue-chip index for its part finished the session higher by=20 only 12 points, thanks only to the strength in Intel and Microsoft. Monday,= =20 as tech stocks picked up momentum old economy stocks went out of=20 favor. It is worth noting that we saw the same pattern of trading many=20 months ago when Nasdaq was in favor.?=20 Federal Reserve=01,s actions will take time to produce results Monday=01,s =01&Market Analysis=018 explained why a change in interest rate= s=20 by the FED may take many quarters to produce any meaningful effects.=20 This was clearly evident when the Federal Reserve raised rates 6 times=20 beginning last June 1999 to slowdown the economy. As our readers=20 may realize the effects of all those rate hikes were not evident up until= =20 recently. Which implies that buying stocks in anticipation of a rate hike= =20 may not translate into a sustainable long-term rally. Plenty of problems ahead Monday more companies pre-announced negative earnings for their =20 upcoming quarters. We like to remind our readers there are still many=20 weeks left for pre-announcements. We at Realtimetraders.com expect=20 this quarter=01,s pre-announcements to exceed last quarter's. We also=20 believe the earnings picture for US companies to be mixed with a=20 negative bias for the next few quarters. Sector Analysis Momentum is starting to build in technology stocks Despite the problems in the economy, the oversold technology stocks=20 are setting the stage for a Santa Claus rally. In Monday`s market=20 analysis we wrote of several reasons why we expect the markets to=20 see an upside move in the next few weeks. Given Monday=01,s upside=20 move in tech stocks and the fact the tech index (Nasdaq) managed to =20 close above the initial resistance level of 3000 is yet another reason=20 that leads us to believe the markets may be setting the stage for a =20 rally in the next few weeks. Semiconductor and biotech Indices are heading higher again Some of our readers may recall that semiconductor and biotech were=20 the 2 strongest sectors that powered the Nasdaq index to record levels=20 in early 2000. Monday=01,s best performing sectors were the 2 former=20 high-fliers. Given the momentum that is building in these sectors, it is=20 a good idea to watch these 2 sectors and the Nasdaq as a whole in=20 the next few weeks. Economic Reports & Bond Markets Bond markets remain quiet As the equity markets have been rallying in the past few sessions,=20 bonds have been trading in a range. Monday long bond finished the=20 session lower by 2 ticks at 103.08. There are no major economic=20 reports due out on Tuesday. Market Breadth=20 Monday's NYSE advance/decline reading was 1669/1181 Vs.=20 Friday's reading of2076/816 Monday's Nasdaq advance/decline reading was 2308/1673 Vs.=20 Friday's reading of 2818/1146 New Highs and New Lows Monday's NYSE new high/lows was 247/58 Vs. Friday's reading of 245/60 Monday's Nasdaq new high/lows was 92/156 Vs. Friday's reading of 81/171 Important Market Moving News Visit our BeforeTheBell page - http://www.realtimetraders.com/realtimetraders/stockpicks/beforethebell.asp for the most important news that may effect your portfolio. This page also provide information on stocks that are going to gap open=20 higher/lower and the reasons if any. We also alert traders to the actively traded stocks before the bell. Upgrades / Downgrades / Coverage Initiations Click on the following link for today's upgrades. http://www.realtimetraders.com/realtimetraders/marketinfo/g_minfo.asp?page= =3Dupg rades Click on the following link for today's downgrades. http://www.realtimetraders.com/realtimetraders/marketinfo/g_minfo.asp?page= =3Ddng rades Click on the following link for today's new coverage initiations http://www.realtimetraders.com/realtimetraders/marketinfo/g_minfo.asp?page= =3Dcov erage Please remember that we will only be able to continue to offer our=20 service FREE of charge and add other valuable content to=20 our site if we have enough subscribers. So please pass the word=20 around about our free services to your friends, colleagues, and=20 family members. Also if you use any newsgroups, chat rooms=20 or forums, we would greatly appreciate if you can post a message or two about our services. Thank you. Today's Key Earnings Releases Company Name????????? =09Expected earnings =09Symbol =09=09 Best Buy?????????????????????? =090.27???? =09BBY Engage???????????????????????? =09-0.21??? =09ENGA NaviSite??????????????????????? =09-0.40??? =09NAVI Net2Phone??????????????????? =09-0.30??? =09NTOP Disclaimer All information provided in this email is for informational purposes only. RealTimeTraders.com obtains data from sources it believe to be reliable. RealTimeTraders.com nor its content providers=20 guarantee the accuracy of the content. Although the opinions=20 expressed here are based on sound judgement, experience, and research, no warranty is given or implied as to their true reliability. The responsibility for decisions made from information contained in this email lies solely with the individual making those decisions. RealTimeTraders.com DOES NOT offer investment advice.=20 Consult your financial advisor for all your investment decisions. 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