See? The Dow’s measured target (NFTRH chart) was 14,350. Today we have jobs, jobs, JOBS! And the market is up in pre…
Looking around… TRANNY? On message. RUT 2K? On message. Semi’s? On message.
Speaking of which, I notice that the semi equipment stocks, which we
noted here as the canary in the coal mine 1.5 months ago indicating
coming economic strength, are diverging from the SOX’s momentum. Could
be nothing… could be something. Here’s the big daddy of semi equipment
stocks vs. the SOX. AMAT led the way to today’s market cheer fest.
AMAT vs. SOX