“Please Remove Your SOXX!!”
The market has resolved its oversold condition with nearly 70% of stocks back above their 15-day average. - Anticipating this, we have been laser focused on the quality of the rally to determine if it was good enough to fix the structure that was broken in September.
- Alas, that is not the case, and so we are now focused on Semis as the last standout leader yet to fall.
- Conditions don’t yet support an imminent fall, so our expectations are more for a disruption in 2027.
