We are going to continue making Thursday our chart section in only Superstock. That said, we are changing the format. If you want to follow the S&P 500, then you will need to sign up for www.superstockinvestor.com at the website. Each week in Superstock we track the S&P 500, NASDAQ Composite, Russell 2000, Emerging Markets (EEM), 20 Year Treasury (TLT), U.S. Dollar (UUP), High Yield Bonds (HYG) and Corporate Bonds (LQD). This alone is worth the price of the service as signals on the NASDAQ Composite returned 15.65% versus the index return of 18.93%.
Last week we focused on Intel (INTC) that potentially looked good as it was approaching the 0 line. It is lower by $0.13 week over week and is still close to breaking out. We remain hopeful.
This week we look at Cree (CREE) that deteriorated over the last several weeks and today crumbled on weaker earnings. If you do not respect a break into the red, then be prepared to pay a steep price.