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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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To: Return to Sender who wrote (74743)1/24/2017 7:04:05 PM
From: Return to Sender2 Recommendations

Recommended By
Donald Wennerstrom
The Ox

   of 95530
 
I think the market has been coiling to make at least one more attempt to breaking through to new highs all around. We do however have extremes in bullish sentiment showing up in the Investors Intelligence Poll (see page 7 and 8 on the first link below) along with overuse of margin (See second link).

nyxdata.com

nyxdata.com

I doubt that the market is really at risk of falling much until the Fed makes its next interest rate increase but all rallies give way when they lose broad based support. That is why I have been posting the data from the WSJ highlighting volume and market breadth.







Market tops take a long time to form but they do share similarities like extremely bullish sentiment and weakening market breadth. Are we there yet?

Nope... but there is more risk now than at this time last year by far.

RtS
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