Major Stocks That Cannot Catch A Bid, Flag Caution

Since the recent rally took the markets up six percent in less than two weeks, most stocks have jumped substantially in all sectors.  This wide spread rally has been impressive after most analysts, economists and investors were expecting a collapse in the markets. Note, we called the up move perfectly. While stocks have had a beautiful move higher, some very important stocks have been left behind.  This does need to be watched and is concerning.

The stocks that have been left behind are Intel Corporation ( NASDAQ:INTC), Dell Inc. (NASDAQ:DELL), Hewlett-Packard Company (NYSE:HPQ) and Cisco Systems, Inc. (NASDAQ:CSCO). Overall, for this rally to last, these very important market moving stocks must rally and move off their lows. The charts of all four of these technology stocks are extremely poor. Intel itself has a very bearish head and shoulder pattern already in play with a downside target of $14.00. What could it mean? Bottom line is this, while analysts think a double dip recession is now 100% off the table, these stocks tell a different story. Be aware of these key players and be careful in the coming months. To gain more insight, analysis, guidance, swing trades and education, join the Research Center.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com

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