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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST

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To: Donald Wennerstrom who wrote (56716)6/27/2012 5:36:35 PM
From: Return to Sender3 Recommendations  Read Replies (1) of 95383
 
I had to share that info from Fidelity. It's far more cogent than anything I could say. I would say though that the market hates uncertainty. We have a lot more uncertainty ahead that needs to be resolved. It's possible that the market will maintain the status quo without worrying but gee there is plenty to worry about.

This cycle is long in the tooth already Don. Although we have been on a continuous trend higher thus far with higher highs and higher lows for the S&P 500 the SOX is no longer leading. That's a sign we are in the later stages of a bull market run.



Also we are seeing fewer and fewer stocks hitting new highs even when we were getting higher highs earlier this year:



These trends lead to eventual market sell off that offer huge buying opportunities when the next cyclical advance begins. BTW the Investors Intelligence Poll was more bulls and less bears today so no help there for those bullish:

schaeffersresearch.com

RtS

RtS
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