Ready for the tech slump?

Even if the market is so unpredictable, it is surprising how seasonality trends are mostly adhered to. And after quite a few years watching the market I have realized that keeping that in mind definitely helps.

According to the Stock Trader's Alamac February is bearish for techs (Internets especially) and bullish for Natural Gas.

For the current year, I feel, we are going to see the same. Most of the major techs have reported so so if not bad earnings and given a poor forcast. Plus the holiday season is over and Internet traffic is down. So the first two quarters are seasonally slow for internets. No wonder investors would not want to wander their path. Prepare for weakness across the sector.

As early as today you will see quite a few bargains in tech land (Google or Yahoo or Apple yada yada). But don't be hasty, or you will end up in pain. There is plenty of time till the next earnings. And before that you will get lot of good opportunities. So for now just sit tight and enjoy the fall. Sweet deals will be coming your way soon. Have patience till then!