Tag: SOX | Notes From the Rabbit Hole

US Stock Market Leadership Chain Intact

As per the 3rd item in this excerpt of NFTRH 581’s Market Internals segment… …the SOX>NDX>SPX leadership chain is and has been intact as the

This morning’s little hype fest is being closed out. Bears may be getting excited by the in-day reversal. But they should realize that the gap

One upon a time we had a sector that was kicked to the curb and left as an also-ran. But in 2013, after gauging the

I took my SOXX short off, that is. The gain was 8% on an index ETF and that is good enough as the chart hammers

First off, I don’t like that the signals are coming on the back of an uproar in trade. I’d rather they engage under cover of

I can’t emphasize enough how important it is for us to be open minded to future outcomes even while having favored views. We’ve done a

Ref. the 2 previous looks at the 30 min. charts of NDX & SOX. Thing 1 & Thing 2 Here is the updated chart from

When last we left our leaders they had not yet plunked the moving averages. NDX fills one gap with another down at support, which is

NDX fills one gap with another down at support, which is in the 6950 area. SOX is trying to fill the first gap. A drop

It’s about time I get back to some plain old charting. Forget the ratios, the market indicators and all the crazy stuff and just chart

How classic; the day after Labor Day and doink, the markets are down as da mythical boyz gits back from da Hamptins. I am however

In an NFTRH update this morning we reviewed the charts of the leader (NDX) and its leader (SOX). Here we see the Semi leadership (to

This is not a pleasing short-term picture for Semiconductor and Technology bulls. Since these are leaders, it is not a pleasing picture for the broad

We began using these charts earlier this year to illustrate why, despite all the negative hoopla in the media in 2016, the market very simply

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