Wang’s Happy Trading

XLF (financials)

XLF is looking more and more interesting. Its daily MAs are now in a bullish formation with 10- above 20- above 30-day MA. The MACD has moved into the positive territory. I still like GS and MA. MA has been lagging, but, perhaps more of a reason to watch it, ’cause more potential for a bigger move up is there. Breaking $150 would be a bullish sign.

OIH (oil services)

OIH has been so strong, riding its daily upper BB higher and higher. It is in a never-before-seen territory, above $195. Still, it looks like it wants to go higher. SLB, DO, RIG are still among the favorites. NOV is splitting 2:1 on Oct 1 and has been one of the strongests!

SOX (semicoductors)

SOX has gone back above 500. This is a good sign. Its daily MAs are about to move into a new bullish formation. The daily upper BB is already opening up and it’s easinly within reach. I like TXN and AMAT. TXN just announced an addtional $5 billion share buyback! That’s about 10% of its present market cap!! AMAT is a solid company with a solar flavor, as I have been saying for months. With solar in mind, one cannot forget WFR!

INX2 (Internets)

INX2 closed above 280 this week, and it’s riding the daily upper BB higher. GOOG and AMZN seem to have just started their new leg up!

FXI (Chinese ADRs)

The Chinese ADRs has been just amazing! FXI has recaptured its daily upper BB and could be on a path of parabolic rise! BIDU and SINA have just been on fire with news on their video endeavours! The future potential for these companies are huge!! SOHU and SNDA are also doing well. The list of other favorites (mentioned here week after week) is still pretty much the same: CTRP, CHL, CMED, CEO, STP, and I’m adding a few new ones FMCN, EDU, and TSL.

Hope you are enjoying your happy Sunday!
HappyTrading! ™

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