SOX @ an all time high.....NICE !!!!

SO..here we are SOX making new all time high on a closing basis, this bodes well for all other Indices to catch up and join the "all time high party"

SOX has been under pressure due to Huawei ban and ongoing irritation with Chinese exposure and collaboration due to stuck in the mud trade talks.......

SOX hit its low of 1286.99 in 4th week of May 2019, only 5 months ago, It had an spectacular run / gain of 361.68 points or a gain of 28.10% in 5 months alone.....annual it and you have a % gain of 67.44%.....NOT bad @ all.....

In other Indices we are only 1 to 2 day's of gain away to make it to all time high

Only area where we are still 192 points away from all time high or 11.02% is in Russell 2000....that is 7 trading days of gains ....sooner this RUT will make it.

Hopefully, you are positioned in the market to take advantage of new all time highs, but a series of all time highs.....

RSI is well below overbought area of 70, barely touching 60 and DOW @ bargain basement of 55.81, RUT @ 59.36.

All star SOX RSI is only @ 60.96......

Widely followed S&P 500 RSI @ 60.57

Lot of room to run, they all are just getting warmed UP.....

Many stocks are @ new all time high...check 52 wk high list, too many to mention.....

MSFT is all set to hit new all time high with its contract win after close on Friday, AMZN big loser in that deal.....

AAPL FB GOOG are reporting this week....

For me AMD on Tuesday & SPWR on Wednesday after close.....

Most earnings are coming better than expected and some are treated better even on Sales miss like TSLA.....

SO....playing earnings cannot be such a bad gamble.....this time around.....

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem