Adam Oliensis Highlights the Following Issues: Cisco, National Semiconductor, Intel, and S&P 500 Index.

Business Editors

CHICAGO--(BUSINESS WIRE)--Sept. 8, 2003

The recent unemployment data proves that investors need to be quick in their financial decisions at this still uncertain time. Adam Oliensis will get you moving with his technical analysis and stock information. Read about Cisco (NASDAQ:CSCO), National Semiconductor (NYSE:NSM), Intel (NASDAQ:INTC), and S&P 500 Index (CBOE:SPX). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

Weak Employment, Strong Tech, Low Rates from the premarket update on Sept. 5

Thursday, September 4th brought us a host of good data points in the Tech sector. Goldman upgraded Cisco (NASDAQ:CSCO), National Semiconductor (NYSE:NSM) reported stronger than expected earnings, and Intel (NASDAQ:INTC) raised its revenue and margin outlook for the quarter.

Adam Oliensis believes that the Fed is now focused on Job Growth, and that they will be willing to endure some higher inflation rates until there is a solid uptrend in that number.

What will that take? Well, as Adam has articulated before, unless/until economic growth is greater than productivity growth there will be no need for corporations to engage in any significant hiring. The recent productivity statistics imply that we're going to have to enjoy WAY-ABOVE-TREND growth before hiring will increase.

Prognosis: With negative sentiment on Adam's sentiment tank almost down to 0% we're probably headed for a short-term local top on the S&P 500 Index (CBOE:SPX). Whether that top becomes significant or is just another dip that gets bought, Adam will "triangulate" that calculation as we go.

Get Adam Oliensis' technical analysis on a daily basis, and don't forget to study the short-, mid-, and long-term conditions of his unique Sentiment Tank indicator by clicking: http://featuredexpert3bw.zacks.com/

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