China Slowdown Continues
China just released two more readings on their economy very early Saturday morning, Dallas time. Both reports showed that the China slowdown continues. Continue reading
Tag Archives for " SMH "
Semiconductor Bounce
The semiconductors had the biggest move of all the sectors this last week, up 5.6%. But can this move last? Where are they going from here? And do all the semiconductor stocks look similar?
In the video below I review this week’s market action by reviewing the S&P 500 ETF (SPY) and the Russell 2000 ETF (IWM). I look at the Semiconductor ETF (SMH) which was the biggest sector mover this week and then look at 6 semiconductor stocks:
- Ambarella (AMBA)
- Broadcom Limited (AVGO)
- NXP Semiconductors (NXPI)
- Qualcomm (QCOM)
- Skyworks Solutions (SWKS)
- Texas Instruments (TXN)
The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.
Stock Market Decline…Most in 12 Weeks
Selling continues on Friday with the DJIA down 200, the SPX down 23 and the Nasdaq down 77 points. Almost all the indices closed the day and the week either on their lows or just fractionally off the lows. It doesn’t paint a pretty picture for Monday.
The stock market decline was the largest of the last 12 weeks. The last week to drop this much or more was the week ending August 21. That Friday was followed by the huge wave of selling on Monday August 24th.
In today’s video I talk about the “line in the sand” that, if crossed, confirms my Elliott Wave count. And when that happens we will be moving to new lows below 1867 on the SPX. So as I said in my post/video on October 31, “fasten your seatbelts”. Continue reading
Elliott Wave Count…Buckle Up
The stock market closed out one of it’s best months in a long time with the S&P 500 (SPX) up 8.3%. Bulls are licking their chops. But after the very violent move down August and again in late September, a strong snap-back rally fits the Elliott Wave count perfectly.
There are several dynamics at work right now and I talk about all these in today’s Weekend Market Analysis video. In addition to the daily charts we look at the weekly and monthly charts today. According to my Elliott Wave count, it is time to fasten your seat belts. Continue reading
Whipsaw Friday
The markets are still extremely volatile as the DJIA was down over 250 points at one point on Friday but closed up 200. A huge whipsaw day…enough to give anyone indigestion. The market was trying to digest the jobs report that was released Friday morning showing less than expected job growth and downward revisions to July and August.
This market has still not demonstrated the type of pessimism at a selloff low that was shown in 2011 much less 2008/2009. I talk about this in today’s Weekend Market Analysis video (below). In addition to our normal key ETFs that I review on the weekend, I add several more sector ETFs to look at a total of 10 broad sectors and 2 more specialized sectors. Continue reading