Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 295.15

-2.3%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

oldbeachlvr

Robert O

Sun Tzu

From: Return to Sender	9/20/2022 9:24:16 PM
	3 Recommendations Read Replies (2) of 95400

Fed Day tomorrow. The market has been trading steadily downward without a great deal of fear. Interest rates are rising rapidly in an attempt to control inflation. I don't expect chairman Powell to say anything different than he said in Jackson Hole. I pay a lot of attention to technical analysis and the market is not yet oversold enough to be clearly oversold. The Investors Intelligence Poll last week still had more bulls than bears. I would like to see some additional selling. At least one week with the Investor's Intelligence Poll showing more bears than bulls again. A spike in the VIX above 30. Then finally a 90% Upside day to clearly mark a final bottom. No one knows when or even if that will happen. We do know that the market can turn on a dime after the Fed chairman speaks. I am just not sure that it will happen this time. If the market sells off into the Fed announcement I will be buying some stocks hoping the market can rally post announcement. If it does not sell off tomorrow morning then I am waiting to buy anything else. RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next