PHLX Semiconductor Index update

The Philadelphia Semiconductor Index (SOX) today has crossed from below to above our long term Trend Investing benchmark. The next major area of resistance is $1,914 shown on the stock chart below. This industry index joins the Nasdaq 100 Index (NDX), The Gold Miners Index (GDM), and several others, in the Long Term Bullish category.Continue reading “PHLX Semiconductor Index update”

S&P 500 Index Trend Investing update

The S&P 500 Index (SPX) this week is breaking away to the upward side, the consolidation from the April High. The Reversal (support and resistance) area was at $2,957, depicted in the stock chart below. So we’ll look for higher prices in the near term. This is pure Trend investing,.. not a forecast and notContinue reading “S&P 500 Index Trend Investing update”