Hi Tom. I've noticed you over on the A.I.M. users thread. Good stuff there!
Subject 12596
I've noted a similarity in action throughout the semiconductors. While one of the more focused groups like EMS, or RF Semiconductors, or IC Chips, etc., may outperform another on a short term basis they all follow or contribute in some cases to the movement of the SOX itself.
Right now as I believe Gottfried was pointing out this morning these stocks are moving higher on hopes for a yet to be confirmed recovery. Fortunately A.I.M. takes the emotion out of investing. More from Breifing.com on the SOX:
2:08PM Sector Watch: Semiconductor : -- Technical -- The index (SOX at 530) has been locked within a narrowing trading range since peaking on Nov 14. Over the last week the index has found a strong floor at its 20 day exp ma with more aggressive price action noted today. While confirmation is needed, it is possible that a breakout of a triangle pattern is underway. Top of pattern resistance and 150 day simple ma are at 550/553 with its 200 day ma following at 561.
The semiconductors and semi equipment sectors (SOX 544.11 +33.11) led the broad based rally today. UBS Warburg called the bottom in the semiconductor cycle, as bookings and revenues should bottom in Dec and Feb, respectively. The firm upgraded a bunch of semi equipment names. (See Briefing.com Up/Down page). Leading performers were the comm IC stocks VTSS +13%, PMCS +12%, ANAD +12%....
Breakout coming? Check the SOX chart!
stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3]
RtS |
