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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST
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To: Donald Wennerstrom who wrote (76592)8/4/2017 6:42:32 PM
From: Donald Wennerstrom2 Recommendations

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This is the weekly update of the 13 week rolling quarter for the SOXM stocks and major indices in terms of actual and percent change.

This was the 2nd down week in a row bringing the bottom line number of last week from 38.5 to 29.3. Since the week ending 6/2/17 to now the action has been essentially "flat". The first 4 weeks of the table add up to 28.7. The last 9 weeks add up 1.3. If the "summer doldrums" continue for the next 4 weeks that 28.7 number is going to roll off to the left and the performance numbers of the individual stocks as well as the major indices will continue to much lower values. For the major indices, the last 2 weeks are all in the red with the exception of the DOW, up 2.4 and the S&P-500, up 0.2.

For the 1st time in a long, long time, the number of red blocks(5) outnumber the dark green blocks(4).

At the bottom of the big table, with the little table shows the performance of Micron over the past 37 months from 7/4/14 to 8/4/17 with a loss of -17.2%. The major indices shown in the table are all up with very big gains. As an "add on" for this week, the extra table just below shows the earnings and PE values then and now for Micron. The PE values 37 months ago were 10.5 and 9.8. Now they are 5.9 and 4.6, and still going down. The technical guru in an earlier post today said that the stock price could maybe find a "bottom" at 23. If this happens, the PE values will go to 4.9 and 3.8.

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