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

To: Return to Sender who wrote (92789)	8/5/2024 6:22:02 PM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 95333

Thanks for providing more details on your trend reversal system. I am always looking to see what is worth adding to my own system. We will see how well it works in the coming days and weeks. For now the market played out as I expected in that the Nikkei was a trailing indicator in that it was reacting to Friday's sell off in the US markets as opposed to pointing to the direction the American markets would take. At worst the indices were down 6 percent going into the open but reversed after the first 30 to 40 minutes to rally from the lows. It is still a weak close as the major indices are down slightly less that 3 percent, a unusual degree of volatility on the indices. But the trading indicates an orderly trading pattern as opposed to panic. I suspect the story will be the weak job numbers till the CPI numbers later this month. Earnings now are almost irrelevant give the risk off mentality of traders. There should still a tradable bounce later this week. I suspect it does not break the old highs though as it will be followed by another test of these recent lows. Whether the local lows hold or break down further will be the question. There is not much of a incentive to be long till we see the rate cut and even then the narrative might be that a recession is coming especially if the cut is 0.5 percent. That will keep a negative bias on traders and investors.