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Technology Stocks : Semi Equipment Analysis
SOXX 299.67+1.5%4:00 PM EST
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To: Sam who wrote (88614)7/12/2022 10:40:09 PM
From: Return to Sender2 Recommendations

Recommended By
kckip
Sam

  Read Replies (1) of 95405
 
90% Upside Days on the NYSE are few and far in between. Seeing Two 80% Upside Days for the NYSE in close succession would be just as good to help herald in the end this current Bear Market and the start of the next bull market.

No Stock market bottom is the same but there are some things they have in common. I would love to see a 90% Upside Day. The bottom in 2020 had a brilliant better than 90% upside day. I shared the data here.

Message 32630165

Market Snapshot – MARCH 24, 2020

Dow
20704.97

 +2112.98

 (11.37%)

Nasdaq

 7417.21

 +557.18

 (8.12%)

SP 500

 2447.33

 +209.93

 (9.38%)

10-yr Note

-5/32

 0.840

NYSE

 Adv 2677

 Dec 240

 Vol 1.7 bln
Nasdaq

 Adv 2831

 Dec 460

 Vol 4.3 bln
Not only did we have that kind of upside day but we got an 87% upside day just a few days later:

I am only going to share a couple other important bottoms because I feel they better represent the kind of market challenges we have now.

The Bottom in 2009 came on 3/10/2009 - Here is what I shared on the day the bottom formed:

Message 32630165

Ultimately we got this:

The Stock Market Bottom on Monday March 9, 2009

On March 10: Market breadth was positive. On the New York Stock Exchange, winners topped losers by over 13 to one on volume of nearly 2.19 billion shares. On the Nasdaq, advancers beat decliners by more than five to one on volume of 2.49 billion shares.Mar 10, 2009.

The 2002 Stock Market Bottom was much tougher to call because we got 80% Upside Days instead of the exceptionally rare 90% Upside Day:

recessionalert.com

It was also a W bottom which gave investors plenty of time to get in from October of 2002 to March of 2003. Finally my favorite market sector is this the semiconductor sector. In March of 2003 semiconductors were leading the market higher. They were not holding it back as they are seemingly doing now.

RtS
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