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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST

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To: Sun Tzu who wrote (89724)2/12/2023 11:38:58 PM
From: Return to Sender  Read Replies (1) of 95383
 
AFC won the Super Bowl. The market is therefore doomed.

investopedia.com

Kidding! LOL

I do however think that we could get more than a 5% pullback if the inflation numbers come in too hot. My plan is to buy when the BP Numbers become oversold again. I mean that regardless of whether we are in a bull market being led by semiconductors or totally the reverse.

That plan would have worked for many a swing trade each time the market got oversold the last 8 months.

Much of that time there was no reason to believe the market was going anywhere but lower. But that is the beauty of contrarian indicators. They are right when everything looks great to do anything but go against the trend.

Semi's certainly look like they are ready to lead despite some very underwhelming earnings.

RtS
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