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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Return to Sender who wrote (43425)	2/17/2009 7:18:03 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) of 95616

Yes, it was a real "down day" for the market today. I read that about 98 percent of the stocks in the SPX were down for the day. The table is a quick snapshot of the indices since the 11/21 bottom. As you point out, <<The SMH/SOX and NASDAQ all are holding up better than the broader market. No surprise to any of us here.>> The last column in the chart, however, shows that in today's action, the Group, SOX and SMH took a real beating compared to the broader indices. Whether this continues in the near future remains to be seen. Also, the table shows the DJIND was below the 11/21 bottom prior to today, but it was pushed further below today. The SPX was positive until today, but was pushed into the "red" today. This is a simple chart that shows the indices's action since the 11/21 bottom. It shows the rapid falloff in the SOX and SMH since the close of 9 Feb just 5 trading days ago. With today's action, the SOX and SMH closed lower than the peak values set in the middle part of December, about 2 months ago.

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