Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, January 16, 2020
SOX Semiconductor Index Daily Chart; SOX (Chips) Print All-Time Highs Above 1.9K
The Semiconductor Index (SOX; semi's; chips; socks) prints above 1.9K for the first time in history two days ago and today closes above. The socks print a new all-time high at 1909.14 on Tuesday, 1/14/20, and all-time closing high at 1903.93 on Thursday, 1/16/20. The screenprinter's are dancing in the streets distributing the "SOX 1.9K" hats. Traders are standing on the mountain top feeling chipper about the chips. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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