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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (55340)1/29/2012 4:20:30 PM
From: Return to Sender   of 95574
 
Don, I posted the Bespoke link because it supported what your table data was already suggesting. Stock prices are advancing a lot but where is the evidence that the economy is headed towards a true expansion?

Maybe stock prices truly lead higher especially if bearishness is abundant. But a lot of bearishness has been burnt off already. Can the market go higher? Of course it can but there were a lot of weekly doji's last week on relatively high volume.

siliconinvestor.com|charts

CSCO, the last of the big cap tech guns reports next Wednesday Feb 8th.

finance.yahoo.com

If the market continues higher until then we will have a pull back after CSCO reports. The market is already overbought now though on just about every meaningful daily chart.

siliconinvestor.com

And as your tables and the data we have shared from Bespoke (and ECRI too) shows so far there is not that much of a recovery going on out there anyway.

JMHO, RtS
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