January 23, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Immaculate Landing

Please click here for a chart of semiconductor ETF SMH.

Note the following:

• Semiconductors are often a leading indicator.
• The chart shows that semiconductors are consolidating above the support zone but below the resistance zone.
• RSI on the chart shows that semiconductor ETF SMH can go either way.
• The economic data has changed quickly, opening a path for an immaculate landing.
• An immaculate landing is a landing in which inflation comes down but the economy continues to grow at 2% or higher.