ZT NASDAQ hits new high，the correction has bottomed？

這是複製的股評文章，我大體上同意該文對下周股市的看法，就不用再浪費筆墨重寫一遍了（相信來訪的股友都懂英文）。我僅僅想補充一點，semi板塊三個月來，走出了一個擴張三角形，是典型的中長期頂部形態（大概率事件）。盡管soxx股價已經創出新高，也要警惕下周一高開回落的可能。即便真的如本文所說，semi將繼續走高，起碼也需要有個回踩前期高點過程。

個人看法，僅供參考。 祝股友周末愉快。

 

STOCKS RALLY ON STRONG JOBS REPORT WITH SMALLER WAGE GAIN -- S&P 500 CLEARS 50-DAY AVERAGE -- NASDAQ 100 HITS NEW RECORD -- SEMICONDUCTOR ISHARES ARE LEADING THE QQQ INTO RECORD TERRITORY -- LAM RESEARCH AND INTEL HIT NEW RECORDS -- 

By John Murphy

STRONG EMPLOYMENT REPORT BOOSTS STOCKS... A blockbuster employment report this morning is giving a big boost to stocks which were already in rally mode going into the report on easing tariff concerns from yesterday afternoon. U.S. employers added 313,000 jobs in February which was way above estimates and the biggest gain in nearly two years. The labor participation rate rose to 63% which was its biggest monthly gain since 2010. Stocks were also encouraged by a drop in February wage gains to 2.6% from January's gain of 2.9% (which was revised down to 2.8%). A lot more jobs without the inflationary threat from higher wages is a good combination for stock traders. And they're certainly acting that way. Stocks are trading sharply higher across the board. And they're breaking through some important resistance barriers. Chart 1 shows the S&P 500 gapping above its 50-day moving average. It now appears headed for a test of its recent peak near 2789. Small caps have already cleared that resistance level. An even more positive development is coming in the Nasdaq market. Chart 2 shows the PowerShares QQQ (Nasdaq 100 Index) breaking out to a record high. The QQQ is being led higher by technology stocks, and semiconductors in particular. The Technology SPDR (XLK) is trading at an all-time high today. It's the first sector ETF to do that. The XLK and QQQ are following semiconductors into record territory. That's a good sign for them and the rest of the market.

 

Chart 1

Chart 2

SEMICONDUCTOR ISHARES HIT NEW RECORD -- SO DO LAM RESEARCH AND INTEL... Yesterday's message showed the Semiconductor (SOX) Index hitting a record high and suggested that the Nasdaq would soon follow suit. Both Nasdaq indexes are doing that today. And chip stocks continue to lead the technology-inspired rally. Chart 3 shows the PHLX Semiconductor iShares (SOXX) surging to another record high today. The SOXX hit a new record earlier in the week and is leading the market higher again today. Lam Research (LRCX) is the day's biggest percentage gainer in the QQQ. Chart 4 shows that chip leader breaking out to a new record. Intel (INTC) is the biggest percentage gainer in the Dow. Chart 5 shows that chip bellwether hitting a new record as well. The ability of the Nasdaq market to hit a new high suggests that the recent correction has probably bottomed. It's hard to imagine the stock market suffering another downleg while Nasdaq indexes are setting new records. Ten market sectors are in the green today, with utilities being the only loser. They're being hurt by rising bond yields. Bonds are being sold as stocks rally. Sector leaders are energy, financials, industrials, technology, and materials. The VIX index has fallen to 15 which is the lowest level in a month. Foreign stocks are being led higher by emerging markets. EM markets are being led higher by Brazil, China, Mexico, and South Korea.

 

Chart 3

 

Chart 4

 

Chart 5