Hello John; RE:" Semi-Equips "
AMAT, NVLS and LRCX are components of the SOX.X PHLX:Semiconductor Index - which tends to help them somewhat.
AMAT reports earnings on Tuesday, 11-AUG. Healthy semi-equip stocks tend to follow this bellwether's lead.
NVLS has been in an UpTrend channel since it hit 30 (in June), and that channel is still intact.
Semi-Equips that are following AMAT's UpTrend channel, going sideways (basing) or continuing to deteriorate can be revealed by using SI's comparative charting feature. If AMAT cannot continue to pull the freight in this sub-sector, for whatever reason, and there is another wave of > -30% devaluations - I would think that acquisitions and/or consolidations would take place.
As an investor, I would slowly accumulate stocks in this sector that are basing, in addition to AMAT and NVLS. As a trader, look for stocks that are still responding to sentiment; ie., ASYT is dead money but perhaps a good long-term investment - VECO jumps around in +/- 20% swings in its (horizontal) channel between 22-1/2 and 27-1/2 options boundaries.
There is no Semi-Equip "index" that I am aware of, John. But research may find some mutual funds that specialize in this sub-sector. A more conservative investment strategy would be to accumulate such a specialized fund, which would relieve you from trying to pick winners.
-Steve |
