The Leader List
The Semiconductors are rallying again. However, the on balance volume is weak. This looks like sideways base building so far.
Outlook
John Murphy has pointed out that it has been a year since the market has experienced a 5% correction so it is overdue for a pullback. He also mentioned that we are entering the risky time of the year for market corrections.
The long-term outlook is positive.
The medium-term trend is up. Watching for signs of a peak.
The short-term trend is down as of July-28.
Comments
Log in or sign up to join the conversation.