Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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From: Return to Sender	9/3/2024 9:38:20 PM
	Read Replies (1) of 95531

I have been trying to update the thread header every night after the market closes because the charts contain some very good information. The BPNDX numbers can help a swing trader with market timing. The BPSOX numbers can as well. Unfortunately StockCharts does not help with a chart of that so we have to simply go with the BPNDX chart and my commentary on the 6 Month SOX Chart. BPNDX hit a buy signal of 30 on August 1: The market promptly rose and BPNDX actually hit a recent high of 75(Sell signal can be expected at any reading of 70, or higher) on August 21. BPSOX hit 20 PnF Buy Signals on that day. It should be obvious that semiconductors have been out of favor for a while now. I expect that will not change until most likely sometime in October. That said when BPSOX reaches a low of 1 or probably 0 again that's when I will be considering buying. BPNDX will likely be around 30 again at that time just like it was on August 1, 2024: RtS

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