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

To: Return to Sender who wrote (82317)	1/20/2019 4:52:49 PM
From: Donald Wennerstrom	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 95536

As usual, IH has a lot of market analysis. The following "snippets" caught my eye. SOX: SOX broke through the 50 day MA a week back, spent last week testing that move, then Friday a big gap and run higher. Cleared the prior January peak, solid move. As goes SOX . . . typically so goes the rest of the market. Semiconductors: Some good moves as chips try to come back to life. LRCX gapped and rallied from an inverted head and shoulders at the end of a pullback. SIMO gapped and rallied nicely. UCTT moved but no volume. AMD, AMAT, MU, RMBS, SMTC look very interesting. The SOX does tend to lead the market, but usually not by much. The chart shows the SOX and SPX over a long period. The SOX bottomed in the last part of 2008 and the SPX followed in early 2009, but for the most part, the lag of the SPX either up or down is not that much. However, starting in 2016 until 2018 the SOX pulled away to the upside in terms of percent gain. 2018 has been a "bad" year with losses as documented in the post, Message 31952565 Right at the right edge of the chart, both the SOX and SPS show a sharp upside over the last 4 weeks as shown in the post, Message 31985218 A real breakout to the upside for both indices still has a relatively long way to go.