Volume Dynamics Specialist
Posted 05 December 2018 - 12:36 PM
and who led the decline? THE BANKS... BANKS AND SEMIS - The LAGGARDS OF 2009 !!
What goes around, comes around...
I expect a bounce, down thru mid-month, up on no volume final 2 weeks of Dec.
Follow me on Twitter, I post very frequently there.
Yesterday was #turnAROUNDanddDOWNtuesday
Edited by SemiBizz, 05 December 2018 - 12:41 PM.
Member
Posted 05 December 2018 - 01:00 PM
$SOX started not performing as good as S&P in early Sept... S&P topped in October... $SOX has been performing better than S&P again over the last 3 weeks. This is one signal that is currently boasting higher medium term for the market.... I must point out that $SOX was crushed and performed worse than S&P on Tuesday, but overall week to week $SOX is performing better...
Volume Dynamics Specialist
Posted 05 December 2018 - 01:25 PM
$SOX started not performing as good as S&P in early Sept... S&P topped in October... $SOX has been performing better than S&P again over the last 3 weeks. This is one signal that is currently boasting higher medium term for the market.... I must point out that $SOX was crushed and performed worse than S&P on Tuesday, but overall week to week $SOX is performing better...
Look at the daily chart (candle characterization), note the size of the decline, the candle structure closing at the low, then look at the similar candles on the chart and there is not an instance anytime this year that it did not result in lower prices...
Member
Posted 05 December 2018 - 06:23 PM
SemiBizz: What I am saying is 1 day does not make the trend over a couple week period... Yes there was a large one day anomaly... I do also expect $SOX not to perform well going the next couple weeks... 5day over 10day MA the SOXX:SPX... SOXX is still outperforming, but barely.
