A RELIABLE BULLISH SIGNAL FOR THE MARKET OR A HEAD FAKE — SEMICONDUCTORS TELL THE STORY $STM $TXN $LRCX $TER $INTC $WDC $STM $SPY
Semiconductors have often been a leading indicator for the stock market. Are they giving a bullish signal or is it just a head fake? Let’s explore with the help of a chart.
Please click here for an annotated chart comparing semiconductor ETF SMH to S&P 500 ETF SPY. Please note the following:
• Semiconductors gave several early signals that the stock market was about to drop. Those signals were given when the market was near its highs.
• The chart shows that while the up move in the market has lost some of its momentum from the recent rally, semiconductors have staged a strong rally.… Please click here or the title below to read more.
January 25, 2019