Summary of Bubble Action For The Week

For A.I., the SOXX, and Nvidia, the onus is now on the bulls.

The sector managed to retrace 50%, before further upside was rejected during today’s session.

One way to look at this action, if short the sector, today’s high in the SOXX, is an excellent location for a stop (not advice, not a recommendation).

Semiconductors, SOXX, Daily

Fibonacci time correlations are shown.

Day 1, the high January 22nd, Day 5, the low on the 28th and today, Day 8 (not shown).

Updating the sidebar:

SOXS-25-03, was closed (yesterday), then re-opened today, as SOXS-25-04 (not advice, not a recommendation).

Gain on SOXS-25-03, was approximately +16.4%

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.The Danger Point®, trade mark: No. 6,505,279