|Day Low/High||202.19 / 206.49|
|52 Wk Low/High||110.19 / 223.54|
My bearish stance is getting hammered by chipmakers -- so I'm moving on and looking for opportunities.
The biggest surprise of 2012 could be that the financials, the most hated group out there, can actually soar.
We had great trades on the euro and the SPX, but we had some bad ones in FXF, SI and JAZZ.
If I'm right about the S&P 500, and if Tim Collins is right about chips, KLAC could be poised to move higher.
European and Asian markets are on the skids and futures are indicating a lower open for U.S. stocks as well.