Some of the carnage in chips and coms is extraordinary.
BRCD NVLS TXCC PMCS SWKS AMCC TQNT AMAT etc.
Quite a few of them are in parabolic declines right now, which of course means they are probably closer to the end of their decline and due for a bounce of some sort at least.
I doubt any holders of these are very sanguine about the carnage though ;-)
I can see a tradable bounce developing if the right tone is set post FOMC. But I can also see more downside too, either directly or a few days into a bounce.
In either case, I dont care and am ready to act as required. |
