Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Avago Technologies (Nasdaq: AVGO) jumped 10% at the open today after another industry player released strong earnings.

So what: Linear Technology (Nasdaq: LLTC) released earnings of $0.45 per share this morning, topping estimates of $0.39 from analysts. The hope is that this will translate to strong earnings for device maker Avago because both companies rely on industrial customers for business.

Now what: The earnings from Linear might be a good sign, but I would like to hear from Avago before jumping on this kind of move. The company's fiscal first quarter ends in January, so when it reports we should get a good idea if the company is seeing the same kind of inflection point in demand as Linear Technology is seeing. For now I'm going to sit out this move and wait for the company to release earnings.

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