Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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Sam

To: Sam who wrote (89374)	12/10/2022 9:41:47 PM
From: Return to Sender	1 Recommendation of 95378

I definitely feel like semiconductors are showing more relative strength. That's a good thing. But is the market still overvalued with a recession likely to happen? Yes the FED is going to slow the rate of their hiking interest rates. But they are most likely going to still crash the economy and the stock market further in the process. The next upswing may well be the beginning of a new bull market. But the S&P 500 is back below its 200 day SMA, It has thus far failed to show the strength necessary to remain above it. I would like to see a big spike higher in the VIX showing that the market finally understands what is likely to happen next year. JMHO, RtS

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