Boy it got close to 170 area this a.m. and the grenades were
flying . Thanks johnny 2012. TSM is actually acting weaker then SMH
this a.m. Is that a warning for next week.?
Posted by johnny2012 on 10th of Jul 2026 at 10:30 am
Yeah so far tagged 176. I posted a 2 hr chart so could still
test lower if it wants and then reverse. Full that gap on SOXX. Or
could just break down but I lean towards a bounce and possible drop
after.
SOXL
Posted by rbreese on 10th of Jul 2026 at 10:15 am
Boy it got close to 170 area this a.m. and the grenades were flying . Thanks johnny 2012. TSM is actually acting weaker then SMH this a.m. Is that a warning for next week.?
Yeah so far tagged 176.
Posted by johnny2012 on 10th of Jul 2026 at 10:30 am
Yeah so far tagged 176. I posted a 2 hr chart so could still test lower if it wants and then reverse. Full that gap on SOXX. Or could just break down but I lean towards a bounce and possible drop after.
TSM:SMH ratio
Posted by rbreese on 10th of Jul 2026 at 10:36 am
Johnny2012 is weaker TSM action leading into earnings next week. So I agree SOXL bounces likely better sales.