Don't Ignore This Chart!

Semiconductors Leading The Charge

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The semiconductor group has been very influential during the recent rally.  In fact, the SOX has been outperforming the S&P 500 since late in 2008.  A key relative resistance area has been approached, however.  Whether the market can sustain a move higher could hinge significantly on how semiconductors continue to perform on a relative basis.

SOX vs. S&P 500 6.9.09
-Tom Bowley

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Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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