Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 282.70

+4.4%

Nov 24 4:00 PM EST

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To: Return to Sender who wrote (88660)	7/15/2022 4:44:45 PM
From: Return to Sender	6 Recommendations Read Replies (1) of 95467

My commentary on market data today is that we saw better than 80% upside on the NYSE today. I want to see another 80% upside day soon (Monday or Tuesday) before I would consider this to be the start of anything other than a bear market rally. I currently have a long swing trade in the semiconductor sector that I plan to sell into strength next week. I am really happy that the semiconductors are leading the market right now. Great strength today! But I will be selling my recent swing trade unless the market really is entering a new bull market. I consider that highly unlikely with what the Fed has in store for the market going forward. The market data will tell us soon enough. RtS

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