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Non-Tech : Kirk's Market Thoughts
COHR 201.49+4.1%Jan 21 3:59 PM EST
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To: robert b furman who wrote (15008)12/27/2022 1:37:08 PM
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Kirk ©

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I don't think we get a big bounce in the SOX and related stocks until we are well into January in my opinion Bob.

I believe we will see the RSI on the SOX reach down towards 30 again. In addition those stochastics are well above the level seen in October. My point is oversold bounces in a bear market need to be really oversold and supported by actual earnings reports.



When do we get those earning reports? Not until well into January. If you have Firefox for your browser this chart SMH will update:



JMHO, RtS
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