Tech

Technology is getting a big haircut today; however, I am bullish on tech over the next 2-5 months. It's honestly my favorite sector. I am currently short CSCO, AAPL, and long the QID but will cover all soon.

When looking at tech, I am looking at the following:

PCs - I am long Dell and I believe from a fundamental perspective, the company is very cheap and has good upside. Now at $10.80, Dell is a good price to build a starter position.

Chips- Semiconductors are solid as well. The USD is a 2x long semiconductor etf that is a great broad play. FCS, RFMD, SWKS, INTC, TER, and XLNX are some other good names

Software: IBM is probably the best play here; however, it's expensive (cost wise). SAP is a good company too but I like it under $35. ORCL is another great one because they integrate their acquistions better than anyone in the biz, which creates big cost savings.

Hardware: NTGR and LOGI are amazing and I will buy both on dips because they have run up from my first purchases. Both have "class A" balance sheets.

Data Services: BRCD is a good one as well, like it at $5.