Monday, May 21, 2012

 
 
 

 
 
 
 
 
Traders take note: This leading stock market indicator is turning down
Advertisement
Thursday, May 14, 2009
Text Size: increase text size decrease text size

From VIX and More:

On Thursday, the Philadelphia Semiconductor Index, also known as the SOX, put in a top of its own before reversing hard and declining precipitously. The SOX ended the day down 5.6% and dragged down the NDX and the rest of the technology sector with it. Technology has been in a tailspin ever since the steep drop in the SOX.

...The SOX has long been considered a leading indicator, not just for technology firms but also for the market in general. Semiconductors are early cycle technology stocks...

Read full article (chart included)...

More posts on short ideas:
Trading opportunity: One of Wall Street's most popular stocks is ready to fall

Historic shorting opportunity is at hand

Jeff Clark: Stocks are dangerously close to a big sell signal

Topics: Trading_Ideas | Stocks
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.