Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Tech Titans Are Rolling Over Midday


Currently both Apple and Google are making lows and a hard reversal off their highs for the day.

MINYANVILLE ORIGINAL With technology stocks being on a fantastic run and Apple making headlines every couple of seconds, we wanted to look at the five strongest and five weakest tech names based on's proprietary Buy/Sell Rating. The ratings are not based on percentage return. Currently at midday, we have both Apple (APPL) and Google (GOOG) making lows and a hard reversal off their highs for the day.

Should investors read more into this reversal today? We don't think this is part of a greater trend. One name that received a 50% sell signal was eBay (EBAY). This stock is still rated a strong buy and has only approached overbought.

Click to enlarge

Click to enlarge

We are remaining long our tech names, but selling 50% of eBay. We also added a 4% VXX long yesterday to reduce the portfolio's correlation and beta for some protection.

Click to enlarge

For more from, click here.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos