Don't Get Tired of Hearing About the Chip Stocks. They are Definitely Still THE Key for the Stock Market Right Now
As much as investors want to focus on the possibility of a nice “rotational” move in the stock market, the evidence continues to point to the tech sector…and the chip stocks in particular…as the most important indicator for the equity market (by far). They are bouncing back this morning after a rough day yesterday, so the bulls are still in charge. However, the key support level for the semis NEEDS to hold. If it doesn’t, the sideways range the market has experienced recently will likely turn into an actual decline.
