Semi sector’s nuts & bolts are starting to fly off

Semiconductor Equipment, Test & Materials are flipping bearish The Semiconductor sector is a cyclical leading edge. Its Equipment sub-sector is the tip of that spear. It and some other picks, shovels, nuts and bolts of the sector are starting to fail. While not completely broken, the Equipment stocks need to hold here or they’ll join bearish Test & Materials. Semi Equipment stocks are rolling over… … Continue reading Semi sector’s nuts & bolts are starting to fly off

indicators

The median stock may be rolling over

While headliners SPX and DJIA miraculously recovered and ticked new highs yesterday (NDX recovered near the high), the median of 1700 stocks, AKA as the Value Line Geometric index, stayed below its SMA 50. It’s just another of the plentiful negative market divergences going on this summer. Frankly, I am not sure why I am messing with this market to the minor degree I am … Continue reading The median stock may be rolling over

Doctor Copper bends to the forces of liquidity contraction

With the Gold/Silver ratio and USD up, the good Doctor is breaking down again All logical as the thus far minor summer “liquidity alarm” continues to sound. It looks like Doc is at least heading for a well deserved test of the rising SMA 200. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly … Continue reading Doctor Copper bends to the forces of liquidity contraction