Don, as much as I hate to admit it since I have started going long the SOX could easily sell off further if it does not rally higher tomorrow.
The SOX has potential support at the 50 day sma at 421:
stockcharts.com[h,a]daclyyay[dd][pb20!b50!b200!c13!c20!c50!d20,2!f][vc60][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
LSI has twice in the last year had an RSI below 30. Will it get there again?
stockcharts.com[h,a]daclyyay[dd][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
On the bright side we are short term extremely oversold.
RtS |