How quickly things change in the stock market. Just last Friday the markets tanked with the DOW dropping 191 points. Voices screaming 'sell! sell!' and 'economy is falling of the cliff' could be heard from the myriad of market bears. This week, a ray of warm sun light has landed on the markets and they are looking good so far with solid earnings coming out of Texas Instruments and Intel. If you sold on Friday then you really need more patience. Patience is gold for anyone wishing to win in this market. In fact, you need nerves of steel.

I have come to the conclusion that with the introduction of online trading and ever improving trading technologies available, trading has become easier, faster and more accessible. As a result, markets have become more volatile with wilder gyrations. The volatility comes faster and goes away faster than ever before. Markets can now have huge swings from overvalue to undervalue in the matter of days. The folks at CNBC giving daily commentaries can barely catch up!

This week is shaping up to be a good week for the technologies. The semiconductors in particular should have a nice bounce tomorrow. If you hold these stocks then I caution that you sell into strength this week because the outlook for the sector is still weak for the rest of the year.