Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.55

+0.4%

Oct 31 5:00 PM EST

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Sam

To: Johnny Canuck who wrote (91173)	11/21/2023 11:49:57 PM
From: Return to Sender	1 Recommendation of 95333

I will be the first to admit that the SOX has been rising on guidance that has been less than inspiring. That said TSM may have been correct when saying the worst is behind us. We have lived through a bunch of cycles. Some so much worse than this one. In the last month I have shared data from Briefing.com showing a couple 80% upside days in close succession followed by a 90% upside day on the NYSE. That is really rare and it corresponds well with lasting bottoms. The SOX is overbought as can be seen in the BPSOX number of 28. No one who reads this board and follows the numbers I share should be surprised if the SOX pulls back now. Or more likely next week. RtS

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