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

To: Sam who wrote (92754)	8/1/2024 1:30:43 PM
From: Return to Sender	1 Recommendation Recommended By Sam Respond to of 95656

The SOX never reached a RSI of 30 on the 6 Month Daily Chart. I would consider buying stocks in this sector again when it does regardless of bad seasonality, poor guidance and everything else. After yesterday getting to an RSI of 30 is going to take a lot more selling! Also the last time the SOX had a RSI of 30 the BPSOX was 1. How long before that happens again? How much further does the SOX have to fall?

To: Sam who wrote (92754)	8/1/2024 3:06:00 PM
From: Return to Sender	1 Recommendation Recommended By Sam Read Replies (1) \| Respond to of 95656

From Bespoke: August got off to a strong start this morning with US equity indices opening higher following strong earnings from Meta (META), but the gains didn't last long and we've seen a complete reversal lower intraday. At the moment, the S&P 500 (SPY) is down 1.9% and the Nasdaq 100 (QQQ) is down nearly 3%. The Nasdaq 100 saw just one 2%+ daily drop in the first half of 2024, but today will likely mark the index's fourth 2%+ drop since July 11th. In terms of seasonality, Bespoke subscribers know that August and September have historically been two of the weaker months of the year. Every month we send out a seasonality snapshot that includes some form of the table below. As shown, over the last 50 years, the Dow has only averaged declines in two calendar months: August and September. While August has seen slightly negative returns, September is the real doozy. Based on history, the next two months may not be very enjoyable.