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…

lrcx

amat

Semi Test Equipment is rolling over…

ter

And specialty Materials used in the production of Semiconductors are rolling over…

ccmp

So with respect to the chip makers and by extension, Tech and the broader markets, what could go wrong? Eh, Beuller?

I guess it’s ‘in the inflating Fed we trust’ among casino patrons. But what if the Fed plays it a little cuter, a little more coy than patrons may anticipate?

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.

Testimonials