PANW
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Entering a Better Part of Summer
The market experienced a healthy recovery in August, showing signs of a more favorable market environment. While it remains too early to draw definitive conclusions, we are seeing constructive price action and solid base formations across several sectors. S&P: Already broken out to new all-time highs. SOX (Semiconductor Index): Has successfully recovered and is holding… Continue reading
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Navigating the Choppy Map: Tech dodging bullets, Biotech finds the 1-Up
As we move through late June and into July, the market has turned increasingly choppy. The Nasdaq and S&P 500 are moving sideways. The semiconductor space has had a roller-coaster ride, showing intense profit-taking and rotation. The Philadelphia Semiconductor Index (SOX) has closed below its 20-day moving average (MA) – a breakdown that has occurred… Continue reading