Philadelphia Semicondutor Index
The Semicondutor Index today had a significant fall, and in the daily chart we can see that thi movement has stopped near the bottom of the trend, however one sell signal was given us by the MACD with the fast line crossed below MACD slow line. If tomorrow we break the green line to the downside further declines to 400 level should be expected from here into October. Let's see if this cenario will be confirmed. I still cautions in the long side here.
Macro economic news : Manufacturing sector slowed in September
Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.
That's All. Have a great evening !!!
AC
Macro economic news : Manufacturing sector slowed in September
The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, dropped from 18.5 in August to -0.4 this month.
Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.
That's All. Have a great evening !!!
AC
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