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20:59
Jul 29
Milton Berg Founder, MB Advisors The David Lin Report
Short semiconductors, NDX, OEX on topping signals
The market is in a corrective phase with technical topping signals: double island tops in the semiconductor index, exhaustive gaps in the S&P 100 at cycle highs, and no panic volume spikes to suggest a bottom. Rising rates and heavy AI-related borrowing make overvalued technology stocks even more vulnerable. The firm went short semiconductors, NDX, and OEX in June and has not yet covered because more downside is expected.
OEX 1ST
HIGH

About OEX Analyst Coverage

Buzzberg tracks OEX across 1 sources. 0 bullish vs 1 bearish calls from 1 analysts. Sentiment: mixed to bearish. 1 total trade idea tracked. Latest voices: Milton Berg.