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Technology Stocks : Semi Equipment Analysis
SOXX 309.36+2.2%4:00 PM EST
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To: kckip who wrote (88194)3/29/2022 8:58:14 AM
From: Return to Sender3 Recommendations

Recommended By
kckip
oldbeachlvr
Sam

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The Investors Intelligence Poll had more bears than bulls for 3 weeks in a row. Last week we had the same number of bears as bulls. That kind of negativity usually leads to a rally.

However, as you know market breadth has not been indicative of a bottom.

The biggest problem is the Fed has to continue to raise rates. Inflation is out of control.

Finally the yield curve is inverting which is suggesting an upcoming recession sometime this year or next.

So yes we have a rally that may have had some legs. It could continue but....

JMHO, RtS
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