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Technology Stocks : Semi Equipment Analysis
SOXX 352.77+1.2%Feb 9 4:00 PM EST

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To: Johnny Canuck who wrote (95889)2/7/2026 11:39:41 PM
From: Return to Sender   of 95907
 
Using BPNDX and BPSOX together works best. The SOX is much more volatile than the Nasdaq100.

The baseline for BPNDX is over 70% PnF Buy Signals is overbought but early on in a new Bull Market it is common for there to be well in excess of 80 PnF Buy signals on the NDX. As a Bull Market matures these numbers usually fall leading to lower highs until we see an ultimate top leading to a real Bear Market. 20 Year Chart of the BPNDX:



As for the SOX. I have seen it as high as 100%, or all 30 PnF Buy signals. On the sell side BPSOX was only 2 PnF Buy Signals on 11/21/25. And 6 on last Thursday! Well under the 30% buy signal of 9.

Was Friday the start of another big rub higher for the SOX? Maybe, it certainly a good start. But the market is getting longer in the tooth. Probably more volatility ahead?

I honestly don't know.

RtS
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