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

To: Donald Wennerstrom who wrote (52680)	7/8/2011 7:45:04 PM
From: Donald Wennerstrom	3 Recommendations Read Replies (1) \| Respond to of 95617

The tables over the past many weeks have tended to show the major indices "holding their own" as a minimum, but the SOX has been in a downward trend. Going back to the last interim high of the SOX occurring on 2/17/11, the index finished at 473.22. Today it closed at 413.80, down 12.6 percent from 2/17. In the meantime, the major indices, DOW, NASDAQ, and S&P-500 have been oscillating up and down around the 0 percent gain/loss line. As shown in the chart, all 3 indices have have closed above the 0 percent line over this period. Quite a discrepancy between the SOX and these 3 indices. As shown in the tables just posted previously for this week, the same kind of divergence has occurred this week as well. This action can be viewed on the chart as well. The week just prior to this past week shows the SOX with a great 5 day up surge. Then in this past 4 day week, 3 days up and 1 day down to show a rather "flat" week, but finishing with a loss for the week while the major indices were all up. I would say this past week was very disappointing for the SOX performance, and leaves a lot of doubt as to what will happen with the index going forward. Perhaps this past week was just a rest period after the strong performance of the previous week, but it may foreshadow a further downside next week. The next 2 to 3 weeks could be rather volatile with all the quarterly earnings reports to begin this coming week. Updates from all the companies on their future outlook for the remainder of the year will be very important. A lot of uncertainty right now as to the future outlook.