The SOX Cross Of Life

Reason number 1,698,274 why when some chart guy talks in grave tones about a DEATH CROSS (of the MA 50 below the MA 200) having any lasting impact you should run, not walk the other way… quickly. This one actually was pretty well in alignment with the Semiconductor index’s mini crash, but if you look at the Dow, SPX or NDX you see that the signal came either right when it was time to buy or after.

The target on the SOX has been 700 or higher. I am still long (SMH) as the sector led the way down and has been leading the way up on the bounce.

semiconductor index daily chart

 

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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