For whatever reason, aluminum companies have been massively on the ascent. However,they are approaching important gaps that I think should cap their rise.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
In Poor Health
In spite of the silly, and ultimately futile, counter-trend rally we’ve seen for over a week now, there are two sectors are are steadfastly weak, and they’re both related to healthcare. Below are XLV (the healthcare ETF) and IBB (a money-maker for me recently, the biotech ETF).
Semi Bearish?
By Biiwii
A technical look at Semi stocks and the Semiconductor index
I must be bearish the Semi Equipment sector because I am short both LRCX and AMAT; the former a successful NFTRH+ long position that hit target and found resistance as anticipated by this chart originally included with the update. I am not so worried about the gap because it changed the trend and gaps that alter the trend of a stock can take a long while to fill.
I went through all the reasons I am bearish the Semi Equipment sector in this post at NFTRH.com, so we don’t need to cover that ground again. The Equipment sector is decelerating, period. But the Semis are more than the Equipment guys, they are the chip makers too, or even especially.
Semi Book-to-Bill Ratio Decelerates
I see analysis out there discussing the Semiconductor sector as a whole as being under valued relative to other stock market sectors. This seems to be based on the fact that the SOX chart has not made nearly the catch up move that for example, the NDX has in its post 2000 recovery.
While charts can provide many helpful views to probabilities, they cannot get inside an industry and divine the importance of a sub-sector (Semi Equipment; AMAT, LRCX, etc.) within a sector as a whole. The equipment companies (which I am short) are the Canary’s Canary, with the Semi sector in general being an economic Canary in a Coal Mine.
One Fine Example Not to Touch Biotech
