Applied Materials (AMAT)/Semiconductors Weak Today

It doesn't matter whether we look at the chart of AMAT, CY, or SMH.  They all show a break of support that could lead to fairly significantly lower prices. Of course how long the weakness in the semiconductors can last in the face of a market with an identiy crisis is anyone's guess. The behavior of the SPX intraday today has been absolutely insane.

 

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