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

To: The Ox who wrote (85930)	11/17/2020 11:01:04 AM
From: Return to Sender	2 Recommendations Recommended By Sam The Ox Read Replies (1) \| Respond to of 95422

I too am actually hoping for a pullback in the stocks associated with the SOX perhaps to the the 20 week simple moving average on this weekly chart. The rally in stocks has certainly broadened out on news of a potential vaccine returning the economy to something resembling normalcy. Unless the FED backs off on its support of the stock market any pullback might be less than I would hope as valuation concerns have meant very little for years upon years.

To: The Ox who wrote (85930)

11/17/2020 12:52:01 PM

From: Elroy

Read Replies (2) | Respond to of 95422

I think we're in for a bit of a pull back in the SOX soon, if not starting today.
If the pandemic subsides and the vaccines begin deployment, it makes sense that there would be a huge shift from the stocks that did well in the pandemic (tech) into the stocks that suffered badly (travel, tourism).
Tough to say with semis, though. The semis seemed poised to begin a big cyclical runup in Q1 this year, and then the pandemic kicked everyone in the face, and then some tech (inc semis) did well because it actually benefitted from the pandemic. But did the cyclical rebound which was coming occur yet? Ya got me. Sorting out now where we are in the normal semi cycle versus where we are in the pandemic purchasing shift is challenging.