Tech is Back

A look at some charts of tech giants<

– Oracle gained new highs and has nice follow through. Volume could be better. Stop loss at 34

– QCOM gapped up twice with increasing volume. 60 is the next target, look for a buy on a dip.

IBM also is on new highs, with increased volume. 165 is your stop loss level

– Intel had a surge to new highs. The test for sustainability is the support level at 22. I would not buy now, but wait for that support to hold

– Apple is back. It broke the downtrend, is back over the 50d MA. The downtrend acts now as a support, and the nice friday move up with volume confirms the support.

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