US Stock Market Review for July 21
Today continues the rebound in semiconductor and AI concept stocks, with significantly improved rebound strength and good trading volume.
SMH rose by 4.52%.
SOXX rose by 5.45%.
SOXX
Closing price: 552.69, at a neutral level, no trading value.
Technical view remains unchanged:
Before breaking through 585, treat it as a rebound; it could be sold off at any time, with many funds chasing highs above waiting to break even;
If it closes above 585, look for new highs.
Corresponding operations:
Bought at 490-515 last Friday and holding on. Not sure if everyone bought, I opened a small position. If you didn't buy, you can't chase now.
Subsequent opportunities to add positions:
Right-side trading after breaking through 585;
Left-side trading if it drops back to 490-515 or 450-465.
Not much to watch in other sectors or individual stocks.
Wait patiently for GOOG and TSLA earnings reports after market close tomorrow.
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