As all media is glued to Apple saga today, I would like everyone who will read this post to quickly glance at SOX.
Philadelphia semiconductor index has foretold the entire market story. Well, it is diverging again and is once again flagging NDX rollover. As SOX goes so goes NDX, and as NDX goes so goes the whole market.
We have gotten a doze of bad news out of the Semis sector over the last few days from AMAT and MU. But really, who in the right state of mind expects the transition from personal computers to mobile devices to not take anything less than a dramatic toll on Semis? So many of them are not positioned for this fast-paced change.
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