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Technology Stocks : Semi Equipment Analysis
SOXX 292.04+2.4%4:00 PM EST

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To: Donald Wennerstrom who wrote (52580)6/26/2011 8:16:24 PM
From: Return to Sender1 Recommendation  Read Replies (1) of 95609
 
Don, I think it is important to note that June is typically the worst month for the market overall on an annual basis other than September since 1950. You should also notice that July is often good:

chartoftheday.com

Today's chart illustrates the Dow's average performance for each calendar month since 1950 (blue columns) and the average monthly performance of the Dow from 1950 to the present (gray line). Today's chart illustrates that the Dow has tended to perform best during the last several months and first several months of a calendar year. During the middle of a calendar year, the Dow has tended to struggle (with the exception of July). It is worth noting that there have been only two calendar months during which the Dow has declined on average -- June and September.



We have been very much in a downtrend but even bear markets have rallies. Furthermore although I agree we have seen the best days already for semiconductor related stocks (most of them anyway) we may yet see new highs for the market overall for this bull run within a long term bear. Probably not for the SOX though.

Last week was actually an up week for the NASDAQ.

RtS
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