All posts and charts are for educational and illustration purposes only
Tuesday, December 4, 2018
SOX - The Semi Conductor Index Has Gone Into a Bear Market. The easing of trade tension between China and US resulting in a rebound is a opportunity for traders to sell the semiconductor stocks again. The underlying fundamental in the semiconductor companies are worsening with or without the trade war. Both Nvidia and AMD pointed in their CY3Q18 earnings calls, they suffer from excessive GPU inventory, left over by the crypto currency burst . They are unlikely to clear out their inventory by year end .
at 8:42:00 PM