Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (15048)	5/9/2004 12:46:50 AM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95888

<<From Briefing.com: 6:28PM Weekly Wrap:>> Here is what I like from that report: <<Strikingly, Friday's stock market sell-off didn't occur on very heavy volume; and the depressed semiconductor sector was a notable standout with a gain of 1.0% for the day. Going into Friday, the SOX Index was down 19.3% from its January high. Its divergence from the broader trend, and the relatively light volume behind the broader sell-off, could very well be early signs that the recent corrective phase in the stock market is nearing an end. The trading action early next week will offer some better insight in that regard, but it is something worth watching when returning from the weekend. The semiconductor stocks, it so happens, comprised one of the best-performing industry groups for the week with a gain of 3.26%. The only group it trailed was Internet software & services, which jumped 3.95%. Other winners included health care distributors (+2.99%), communications equipment (+2.69%), employment services (+2.60%), semiconductor equipment (+2.54%), drug retail (+1.95%) and pharmaceutical (+1.63).>> There was quite a divergence this week as shown in the Group table at the bottom line. For the week, the Group was up 3 percent, the SOX was up 3 percent, while the NASDAQ had no gain. It has been a long time since this type of divergence has occurred. The Group and SOX "led the charge" on the way down, and we just may have the situation where they are "ready to lead" on the way back up. IMO, for FWIW. Don