Lam Research Implodes

October 21, 2026 By in Artificial Intelligence, Livermore, LRCX, Semiconductors, SOXS, SOXS-26-14, SOXX 2 Comments

Takes The SOXX, With It

‘Surprises, tend to come in the direction of trend’.

The tenet, taken from Reminiscences of a Stock Operator, showing us the direction of trend for LRCX and the overall semiconductor index, is lower (not advice, not a recommendation).

In the after-hours, LRCX is down hard and the SOXX has taken a hit as well.

So, let’s look at what the SOXX is telling us.

Semiconductor SOXX, Daily Close

For about ten trading days, the SOXX moved steadily lower along the ‘demand’ line shown.

Then, it paused for several days with sideways, corrective action.

Now, with the index likely to open lower, next session, the question is, are we at the ‘supply’ side?

Stay Tuned

Charts by StockCharts, TC2000

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

2 responses

  1. Took your suggestion and got my Wyckoff book yesterday. I’m about twenty pages in and have never seen anything like this.

    It’s a real mind bender.

    Bard Sense

    Liked by 1 person

    • The book will transport you back in time … but then again not, as the markets never change.

      Within the first twenty pages or so, Wyckoff has not even presented any market analysis. It’s all about psychology and whether or not, one is willing to do the work and suffer (and recover from) the years of losses required.

      Glad that you find the book interesting.

      Regards,

      Paul

      Like