Commodity Prices

Gold •652 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,096.90	-15.30	-0.72%
WTI Crude •11 mins	93.24	-1.45	-1.53%
Gasoline •11 mins	3.147	-0.017	-0.52%
Ethanol •652 days	2.161	+0.000	+0.00%
Silver •652 days	30.82	+1.16	+3.92%

Silver • 652 days	30.82	+1.16	+3.92%
Copper • 652 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.09	-1.30	-1.31%
Natural Gas • 11 mins	2.683	+0.036	+1.36%
Heating Oil • 11 mins	3.809	-0.024	-0.62%

Headlines

1,037 days Will The ECB Continue To Hike Rates?
1,037 days Forbes: Aramco Remains Largest Company In The Middle East
1,039 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,439 days Could Crypto Overtake Traditional Investment?
1,443 days Americans Still Quitting Jobs At Record Pace
1,445 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,448 days Is The Dollar Too Strong?
1,449 days Big Tech Disappoints Investors on Earnings Calls
1,450 days Fear And Celebration On Twitter as Musk Takes The Reins
1,451 days China Is Quietly Trying To Distance Itself From Russia
1,452 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,456 days Crypto Investors Won Big In 2021
1,456 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,457 days Food Prices Are Skyrocketing As Putin’s War Persists
1,459 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,459 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,463 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,463 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,464 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,466 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

More Info

Contact Author

Christmas Rally Requires the SOX to Join In

By - Nov 29, 2012, 11:33 AM CST

The price action in the Phlx Semiconductor Index (SOX) is not looking good. Yet the SOX must rally for the Nasdaq to have a seasonal Christmas rally.

Large components are : INTC, AMD, MU, MRVL

We know that Intel has cut its guidance as .."the PC market is going into the toilet, and the global economy (ex-US) is plainly brutal". The performance of Intel (INTC) has been poor, therefore Intel needs to bounce to satisfy the need for a rally. They other question is can Apple Inc (AAPL) carry the NASDAQ all by itself? Watching and waiting.

The half cycle is when the cycle meets the zero line. When the half cycle is passed price action has little time to conform to the cycle dominance. If price action fails to conform then the cycle weakens.

(!SOX) Phlx Semiconductor Cycle Chart
Larger Image