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

To: Return to Sender who wrote (89649)	1/30/2023 12:24:48 PM
From: Return to Sender	3 Recommendations Recommended By kckip Sam The Ox Respond to of 95390

2 Year Chart of the BPNDX. How similar is today's market to early 2001? We won't know for a while but as January goes does not always work for the entirety of the year. The second chart is from December 1999 to 2003. Early 2001 looked great for the market just like January has this year. Some words of caution from Briefing.com's Page One today below the chart: briefing.com Page One Last Updated: 30-Jan-23 09:04 ET \| Archive A sense of caution heading into a big week of market-moving news There are two trading sessions left in the month of January, which is shaping up to be a fantastic month for stocks (and bonds). Entering today, the Nasdaq Composite is up 11.0% and the S&P 500 is up 6.0%. Naturally, we are hearing the maxim more and more that "As goes January, so goes the year." It is a nice thought to be sure, even if it isn't always true. In 2001, for instance, the Nasdaq surged 12.2% and the S&P 500 gained 3.5% in January, yet they ended 2001 down 21.1% and 13.0%, respectively. That was a different time coming off the dotcom bubble, but a case can be made that there was a bit of an "everything" bubble in 2021 that certainly saw its share of deflation across asset prices in 2022, if not an outright popping. In any case, there is no disputing that the stock market is off to a good start in 2023. There appears to be a little nervousness this morning, however, that the good times will keep rolling in the same unabashedly bullish manner. The S&P 500 futures are down 32 points and are trading 0.8% below fair value, the Nasdaq 100 futures are down 136 points and are trading 1.1% below fair value, and the Dow Jones Industrial Average futures are down 154 points and are trading 0.5% below fair value. The cautious-minded tone can be chalked up to several factors: Concern the market has gotten ahead of itself and is due for a pullback trading at 18.0x forward twelve month earnings versus the 10-year historical average of 17.2x, according to FactSet data Pre-market weakness in the mega-cap stocks Worries that Fed Chair Powell will make an extra effort during his post-FOMC decision press conference on Wednesday to rein in the stock market's bullish behavior Hesitation in front of a multitude of market-moving events this week that include central bank policy decisions by the Fed, ECB, and Bank of England, the Q4 Employment Cost Index, ISM, and January Employment Situation reports, the OPEC+ meeting, and earnings reports from more than 100 S&P 500 companies, including Apple (AAPL), Alphabet (GOOG), Amazon.com (AMZN), and Meta Platforms (META). From a news standpoint, there isn't a lot on the market's plate this morning, but it has been served something to think about by Nick Timiraos of the The Wall Street Journal, who wrote over the weekend that Fed officials are concerned that inflation could reaccelerate due to tight labor markets. That missive fits in the environs of the camp that worries about the Fed continuing to raise rates and keeping rates higher for longer. The 2-yr note yield is up three basis points to 4.24% and the 10-yr note yield is also up three basis points to 3.55%. Both got a jolt overnight after Spain reported a higher-than-expected 5.8% year-over-year increase in January CPI. That should give the ECB something extra to think about ahead of its meeting. Frankly, there is a lot for capital markets to think about at this time, not the least of which is the understanding that central banks will have starring roles in driving this week's market action and the turn to February.

To: Return to Sender who wrote (89649)

1/30/2023 4:44:32 PM

From: Return to Sender

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BPNDX Fell 1 to 67 PnF Buy Signals - [ASML removed]

Fri	Mon
AAPL	AAPL
ABNB	ABNB
ADBE	ADBE
ADI	ADI
ADSK	ADSK
ALGN	ALGN
AMD	AMD
AMZN	AMZN
ANSS	ANSS
ASML	ATVI
ATVI	AVGO
AVGO	AZN
AZN	BKNG
BKNG	BKR
BKR	CDNS
CDNS	CHTR
CHTR	CMCSA
CMCSA	COST
COST	CPRT
CPRT	CSCO
CSCO	CTSH
CTSH	DDOG
DDOG	DLTR
DLTR	EBAY
EBAY	FANG
FANG	FAST
FAST	FISV
FISV	FTNT
FTNT	GILD
GILD	GOOG
GOOG	GOOGL
GOOGL	HON
HON	IDXX
IDXX	ILMN
ILMN	INTU
INTU	KHC
KHC	LCID
LCID	LRCX
LRCX	MAR
MAR	MCHP
MCHP	MELI
MELI	META
META	MNST
MNST	MSFT
MSFT	MU
MU	NFLX
NFLX	NVDA
NVDA	NXPI
NXPI	ODFL
ODFL	PCAR
PCAR	PDD
PDD	PYPL
PYPL	QCOM
QCOM	REGN
REGN	RIVN
RIVN	ROST
ROST	SBUX
SBUX	SGEN
SGEN	SIRI
SIRI	SNPS
SNPS	TEAM
TEAM	TSLA
TSLA	WBA
WBA	WBD
WBD	WDAY
WDAY	ZM
ZM	ZS
ZS