Likes ReceivedI have all of these behemoths, but why haven't I made any money? 😄 All in emotional storage, cpo, and the US local company Intel 😅😕😫 We, the ones who missed the rally, are jealous 🫡 but dare not buy hahahaha There's no choice, cutting off the head is stable, but it's slow. Respect, when feeling jealous, take a look at poet 🤪
The sour and smelly rant of the missed-out party
RSI (Relative Strength Index) off the charts: The 14-day RSI of SOX has surged past 81.98. Historically, an RSI above 80 is usually considered extremely overbought, and since this occurred alongside 18 consecutive trading days of gains, this kind of slope is often referred to by technical analysts as a "parabolic top."
Deviation from the moving average: The SOX index is currently about 40% above its 200-day moving average. The last time such an astonishing deviation occurred was back in June 2000 (on the eve of the dot-com bubble burst).
Breadth narrowing: Although the index is rising, the proportion of individual stocks rising in the last two weeks of April has been dropping sharply. The market is now almost entirely propped up by a few "behemoths" like Nvidia, TSMC (Taiwan Semiconductor Manufacturing Company), and ASML.
ASML's warning: Although ASML raised its full-year 2026 revenue forecast, its guidance for the second quarter of 2026 (the next three months) was below market consensus. This indicates that even with strong AI demand, the supply chain and delivery cycles are hitting physical bottlenecks.
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