Semiconductors have been a key pillar of the S&P 500’s advance since 2016, and now they may be flashing a warning signal for the overall market.
This chart of the Philadelphia Semiconductor Index shows how gains have been slowing all year. Prices have squeezed into an increasingly narrow range, with the 50-day simple moving average (SMA) recently dipping within...
After the rally in semiconductors we should see a cool down of the rally, but with sustainable higher stock prices till 2022.
Then the correction in this sector should be take place.
So holding semiconductors or buying dips are possible this year.
Chip stocks have lagged along with the broader technology sector. But just when you think they’re dead, they have a session like yesterday.
Notice how the Philadelphia Semiconductor Index opened 2.2 percent below its close the previous session. Also notice how quickly it bounced and ended the session up a full 2 percent.
The low was lower than Tuesday’s and the...
Interesting comparison in performance of SOX to NDX and ETH to BTC. both have formed an inverse head and shoulders patterns, eth/btc has broken out while SOX/NDX seem to be following the same pattern but just have not broken out yet.
The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors.
Chip stocks like NXP Semiconductors, Broadcom and Lam Research were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the S&P 500 for the first time in five weeks. The relative strength also came amid two positive weeks for the Philadelphia...
We are now in the final days of this next Bubble . one by one has had a classic blowoff with most speaking of a NEW PARADINE and that we are in a NEW BULL MARKET QUOTE !! BASED ON THE DATA WE ARE AT THE 12 HR with a count down nearing the ZERO HOUR ! I am stating this as a very clear bubble near its end of Debt based money Velocity
Semiconductors are behaving more bullishly than the rest of the technology sector.
First, the Philadelphia Semiconductor Index made a higher high in mid-October. Meanwhile, the SPDR Technology ETF and Nasdaq-100 made lower highs.
Second, SOX pulled back to hold its 50-day simple moving average (SMA) while XLK and NDX sank all the way to their 100-day...
at the same time, SOX daily chart showing ADX twin peaks (negative divergence) and RSI divergence.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
The Philadelphia Semiconductor Index formed an interesting pattern this month as the market pulled back. It initially dove toward 2100, and then managed to hold that level even as the Nasdaq-100 and S&P 500 proceeded to make lower lows.
Not surprisingly, that relative strength led to more bullishness this week as SOX jumped above its 50-day simple moving...
Market correlations are always interesting because they can reveal how investors are thinking.
One correlation recently been similar movement between semiconductors and industrials. (This chart shows the 10-day correlation between the Philadelphia Semiconductor Index and the SPDR Industrial ETF .)
This isn’t a huge surprise because both are relatively cyclical....
Insane what we saw for a rally since March 2020. Especially the TechSector and Semiconductors reach now a level which is crazy and not healthy. If you now invest in the broader market you hope that you´r not the last one who bought into the rallye. It´s time for a correction, so new money can flow into the market.
Watch out and take care of your Risk and Money...
CYCLES ARE RUNNING OUT INTO A PEAK AUG 25 TO SEPT 4 /9 LOOK FOR A MAJOR BEAR PHASE CYCLES NOW INTO OCT 10 /20 A DROP OF OVER 30 % IS NEARING THE CHIP SECTOR
