Earlier today I presented several charts for Intersil Corporation, a leader in the design and manufacture of high-performance semiconductors. ISIL products are used in some of the industry's fastest growing markets, such as flat panel displays, cell phones, other handheld systems, and notebooks. At the time I cautioned you about an Index that your stock choice...
PHLX Semiconductor Index. Potential Elliot Wave ending Diagonal. Rising Wedge. ABCD. 50% Fibonacci retracement of 2000 high.
Copper in my opinion has been replaced by technology, specifically semiconductors. The market seems to be much more focused on the happenings of Silicon Valley rather than Milwaukee or Detroit. While the industrial sector still remains a large piece of our economy it no longer is the driver of growth. At least that’s what price action has been telling us. The...
Still, Remains a Pause Only 'Til Proven Otherwise. $SOXX $SMH
at Bearish Butterfly Resistance. $SMH $SOXX
Not Constructive. $SOXX $SMH