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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 (78594)1/17/2018 5:27:37 PM
From: Donald Wennerstrom3 Recommendations

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Sam

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The DOW, NASDAQ, and S&P-500 all set new all time closing highs today.

The SOX index set a new major milestone today by reaching a new all time high eclipsing the old high set nearly 18 years ago on Tuesday, 14 March 2000.

The table shows the values for March 2000 when the old highs and closing highs were last established. The old closing high was first breached on 11/21/17. Since then that value has been exceeded 3 times including today when a both a new all time closing high as well as an all time high was established.

The chart gives a "picture" of just how long this journey has been for the SOX since the dot.com bubble collapsed. I still have the photographic memory of sitting in a restaurant having breakfast on Saturday morning,11 March, reviewing the previous all time high close of 1332.73 on Friday. At that time I never thought it would take nearly 18 years to reach, and exceed, that level again.



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