SOX Fills the Gap
The Semiconductor Index has filled a gap and maintained a series of higher highs and higher lows. So what did I do? Nothing, other than take profits on a couple…
The Semiconductor Index has filled a gap and maintained a series of higher highs and higher lows. So what did I do? Nothing, other than take profits on a couple…
We noted the NDX/SOX roadmap in a post on Wednesday using weekly charts. SOX daily is doing something not very nice at the open. The Semis are a leader for…
NDX is in a sloppy looking pattern, is dropping into a support zone and needs to hold the moving averages to avoid going from sloppy to bearish. Captains like Alphabet,…
A heads up to anyone who may have gotten bearish the Semi's per recent analysis or taken the LRCX NFTRH+ short trade. SOX is close to the first downside target…
Say, how bearish does the SOX look to you? I didn't think so. That 'Handle' is indicated to have been a consolidation of the big 'V' pattern after all that…
Way 1 is the short-term view showing the wild recent history of a huge drop, instigated by one chip company's dour projection and then a whole media hype pig pile. …
The Semiconductor index is tapping the EMA 10 (gold line) again. This has supported two previous blips. Let's see how #3 goes.