Posted by johnny2012 on 6th of Jun 2026 at 02:49 pm
I reviewed the charts for the top semis that make up SOX. MU is
the biggest and has a nice gap to fill below, AMD, MRVL, INTC and
AVGO. All seem to have room to drop further to fill some gaps
and/or hit 50 ma's. Next week will be interesting especially seeing
space x start trading on Friday. I am not taking longs again until
some gaps fill or good reversal patterns develop.
That could cause more volatility on Wednesday. My Naaim index
usually bottoms when these funds drop to about 60 percent longs and
we are 86.82 room there to fall.
I reviewed the charts for
MRVL
Posted by johnny2012 on 6th of Jun 2026 at 02:49 pm
I reviewed the charts for the top semis that make up SOX. MU is the biggest and has a nice gap to fill below, AMD, MRVL, INTC and AVGO. All seem to have room to drop further to fill some gaps and/or hit 50 ma's. Next week will be interesting especially seeing space x start trading on Friday. I am not taking longs again until some gaps fill or good reversal patterns develop.
50 MA's I truly believe
Posted by shellson2 on 6th of Jun 2026 at 03:45 pm
50 MA's I truly believe will be hit by many of the tops you mentioned. That will equate to many billions of dry powder to then implement
CPI
Posted by rbreese on 6th of Jun 2026 at 02:52 pm
That could cause more volatility on Wednesday. My Naaim index usually bottoms when these funds drop to about 60 percent longs and we are 86.82 room there to fall.
IF the market stays in
Posted by johnny2012 on 6th of Jun 2026 at 02:56 pm
IF the market stays in this area or lower, Wed the margin calls will probably be hitting and really be ugly.
SMH 50
Posted by rbreese on 6th of Jun 2026 at 03:06 pm
Last Gap to fill around 520 area.Enjoy rest of the weekend.