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Semiconductor Stocks still have 30% upside Potential

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#1 SemiBizz

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Posted 16 May 2017 - 09:27 AM

So the major indices are trading at all time highs.. the SOXX closed yesterday at 1060... and the all time high is all the way up at 1362 or another 300 points. We are seeing a buying frenzy... SOXX at 1069 this morning at the open, up 60 points in a week !! Wow.

 

 

 

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#2 SemiBizz

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Posted 16 May 2017 - 10:00 AM

 

Few charts here...Nasdaq filled the gap this morning and tested the hourly platform of lows from yesterday at 6140ish and gets under on lighter volume to set up a bullish spring  bounce (6146 here)


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#3 SemiBizz

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Posted 16 May 2017 - 10:01 AM

 

Meanwhile, most issues filled the upside gap, but not the SOX... currently up 5.


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#4 fib_1618

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Posted 16 May 2017 - 10:07 AM

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#5 SemiBizz

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Posted 16 May 2017 - 10:09 AM

SOXX Index is the Local Motive today for the market, just made a new high on the day...

 

1068.59 and still cooking...

 

 

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Price and Volume Forensics Specialist

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Volume is the only vote that matters... the ultimate sentiment poll.

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#6 MDurkin

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Posted 16 May 2017 - 11:02 AM

Yep market going no where but up with SOX and JUNK strong.



#7 SemiBizz

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Posted 16 May 2017 - 01:16 PM

1072.54... only 290 points to go to that ALL TIME HIGH NOW...

 

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Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics