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

To: Donald Wennerstrom who wrote (71475)

2/6/2016 5:14:56 PM

From: Return to Sender

2 Recommendations

Recommended By
Donald Wennerstrom
Gottfried

Respond to of 95411

Market Data From The WSJ

online.wsj.com

Friday, February 05, 2016
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.

NYSE	Latest close	Previous close	Week ago
Issues traded	3,207	3,211	3,221
Advances	746	1,988	2,829
Declines	2,387	1,138	355
Unchanged	74	85	37
New highs	61	54	68
New lows	169	68	41
Adv. volume*	270,503,338	843,062,725	1,490,914,742
Decl. volume*	873,021,159	353,566,080	128,697,942
Total volume*	1,153,184,791	1,208,487,586	1,623,601,639
Closing tick	-68	+352	+494
Closing Arms (TRIN)†	1.00	0.76	0.68
Block trades*	5,720	6,276	6,871
Adv. volume	1,161,208,471	3,556,083,733	4,891,054,219
Decl. volume	3,704,449,361	1,539,948,363	419,881,582
Total volume	4,902,734,492	5,144,269,173	5,324,259,644
Nasdaq	Latest close	Previous close	Week ago
Issues traded	2,929	2,936	2,971
Advances	544	1,679	2,301
Declines	2,313	1,150	597
Unchanged	72	107	73
New highs	3	15	32
New lows	205	86	105
Closing tick	-196	+610	+32
Closing Arms (TRIN)†	1.46	0.70	0.59
Block trades	8,378	6,994	7,718
Adv. volume	341,008,963	1,429,458,833	2,196,604,002
Decl. volume	2,115,329,870	688,613,043	338,902,890
Total volume	2,464,100,944	2,181,508,027	2,545,891,066
NYSE MKT	Latest close	Previous close	Week ago
Issues traded	365	376	383
Advances	129	209	238
Declines	217	147	127
Unchanged	19	20	18
New highs	7	13	2
New lows	10	11	9
Adv. volume*	3,897,999	5,619,627	8,872,707
Decl. volume*	5,951,101	2,944,503	2,611,207
Total volume*	10,005,530	8,839,924	11,708,889
Closing tick	-16	+42	-49
Closing Arms (TRIN)†	0.75	0.77	0.66
Block trades*	95	70	94
Adv. volume	33,406,506	56,874,980	48,907,359
Decl. volume	42,372,055	30,638,895	17,211,027
Total volume	77,690,843	89,449,220	67,302,006
NYSE Arca	Latest close	Previous close	Week ago
Issues traded	1,409	1,398	1,433
Advances	302	896	1,232
Declines	1,091	470	191
Unchanged	16	32	10
New highs	9	4	5
New lows	29	10	10
Adv. volume*	113,192,756	309,379,854	381,252,875
Decl. volume*	319,812,220	146,200,777	62,906,130
Total volume*	433,092,379	458,612,872	444,254,535
Closing tick	-62	+57	+290
Closing Arms (TRIN)†	0.80	1.27	1.65
Block trades*	1,860	1,972	2,252
Adv. volume	478,544,069	1,194,063,776	1,502,822,325
Decl. volume	1,376,297,365	794,066,564	384,821,661
Total volume	1,856,186,099	2,007,505,114	1,888,839,130

To: Donald Wennerstrom who wrote (71475)	2/7/2016 11:06:33 AM
From: The Ox	2 Recommendations Recommended By Donald Wennerstrom Gottfried Read Replies (3) \| Respond to of 95411

We all can point to plenty of stocks (and a number of sectors) which have been in their own individual bear markets. 14 of the stocks in your table showing semis over the past 19 months are also in bear market territory. Many stocks have had their futures discounted. For me, a key to future performance is sifting through these "falling knives" and finding those that have become under priced by the market....then waiting for an appropriate time to enter. Likewise, we all know RtS is waiting for his indicators to show a buying confirmation by the markets before he'll consider the potential for a significant trend change/bottom call. One quick look at mining, oil+NG exploration, biotech/pharma shows many companies dramatically discounted over the past year or more (especially the last 5 weeks in bio land!!). As Gottfried's recent chart shows, Transport's PE has been cut in half and the yield has gone up 40% yoy. There will be a number of companies in these sectors (and many others) that will see a huge rebound, IMO... With the overall market trends being down, I believe it's wise to encourage plenty of patience. Having said this, there's no reason to disregard a stock simply because it's tanking. If we're at the beginning of a major move down in the markets, the blood in the streets will be much greater than we've seen lately. This must be weighed against a good company who's simply out of favor at the moment. It will also be difficult to determine if a stock is in "bounce" mode or truly hitting a "tradable bottom". (beauty is in the eye of the beholder) If we're in a situation where the "big money" is simply rotating out of the last run's winners and into new sectors and companies that are going to perform better in the future than current expectations would imply, well, that's a great time to be a "good stock picker". As robert pointed out recently, BRKS CEO indicated that he thought the sector was showing signs of bottoming with respect to future orders. If that's true and not simply company specific (or a misread of the market), then we are likely approaching a time to start accumulating stocks in this sector.