Perhaps no group in the market is more closely watched
for clues about future technology market direction that the Semiconductor Index (SOX)
The Philadelphia Semi Conductor: Line Break Chart" shows the recent bullish upside breakout,
as the index is now approaching all times highs, perhaps sensing optimism in the trade war talks with China.
However, just like...
SOX - Semiconductor index as the Growth Tech Cycle Dow Theory, in this chart we see a climax divergence in 2001 and some spots in the current cycle.. similar way to see transports index as a measure of the dow theory. it would be nice if was easy to get an advance decline line or something similar in order to see the "breathe" of SOX, I am sure will also state...
The trend is obvious.
Proud to be the only few longs on the stock market while everyone else is screaming crash and recession.
Semiconductors are going through secular trend.
It will still be cyclical but the cycles will be much smaller and limited.
Charts are telling us different story.
Market always moves ahead of narrative.
The narratives are there,...
Reported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers...
What a difference a few weeks make, things really have got very ugly very quickly, the POTUS is willing to use the tech industry as leverage against China in the escalating trade war. It may be a case that investors became complacent once again as when we now look in Hindsight at the indicators, they RSI, MACD and Stoch had all reached quite elevated levels and...
The Philadelphia Semiconductor Index (SOX) is down over 3 % today
on fears of a new and more powerful retribution backlash from China
in the escalating 2019 trade war with the United States.
I have been following the stock market for decades now,
and if there is one relationship that you can count on, thru thick and thin
for trend analysis it's, the ...
Maybe we are guilty of looking for the positives but the SOX has respected the technical perfectly and what is amazing, is the accuracy of the RSI H&S correction which has taken place. IS the market as a whole can avoid another tremor from trade talks the SOX has plenty of upside to go.
Pretty clear long term channels dating back to 2000 and 2003. Plus a steeper near term growth channel has formed between two uptrend lines, confirmed with multiple touches. Looking for SOX to step up into new highs and for much of the past resistance to become support.
(1) - Looks as though this move down may have already occurred this week and we found some...
Semis swinging nicely in this range bound pitchfork. Volatility increase near the outer bounds, and we are almost there. Clear 5 wave count to conclude at the long term bullish trend line. This is my short term trade to the downside using SOXS 3x bear, and will reevaluate my next move when this target is hit. There's still a long term bull target on most indexes...