OT: The SOX has not yet successfully tested its 50 day sma at 312 and it looks like it is considering rolling over now to me on my 15 minute chart:
stockcharts.com[h,a]faclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
From Briefing.com: 11:02 ET Sector Watch: Semiconductor
Sector index (SOX at 307) posts solid advance on the back of strength in ALTR +5.3%, NVLS +5%, AMAT +4.7%, KLAC +4.3%, TER +4%, MXIM +3.4%, BRCM +3.3%. Currently vacillating near resistance at 307 (mid-month range floor) with a secondary ceiling in the 311/312 area (chart/50 day sma). Short term support is at 305/304.50.
If 304 does not hold it will have rolled over.
RtS |
