Mar 1, 2005

Semi Upgrade will Test Selling Pressure

I mentioned the semis last night for being in relatively neutral ground. This mornings uprgrade by JPM should give them a good open but I am not sure it jump starts the next leg of a rally in the sector. If that sector reverses it will lead the market down.

If you are interested in steel prices you can read this follow up on last weeks news. My guess is these stories are setting the sector up for a bit of heartbreak when a buyer manages to negotiate a better contract but we shall see.

No comments:

Post a Comment