Page 7 - Semiconductor Makers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We are halfway through the trading day, and its been a little choppy. Julie this has been a flashback to what we were seeing last week where we are seeing a diversions between technology in the form of the nasdaq going lower as the dow gains on nearly on1 . It appears we are seeing rotation into things like financials out of things like technology, as we see some optimism surrounding the tax plan, but it is not universal. If you look at the nasdaq, the largest Cap Tech Companies are being affected more. That is outpacing the declines in the broader nasdaq composite. A couple examples of stocks...

As we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. S p 500 in the middle, up. 5 , so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. Another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of Different Industries with 14 day relative strength index above 70. In other words, are we seeing them overbought at these levels . Look at the s p 500 in blue, the percentage going up even as techs have been...

By that of the nasdaq as it is rising more than 1 . Tech shares accounting for a decent amount of the game. The gains are relatively broadbased as people get back to work today. Among the fang stocks helping account for the rise today weve got netflix on the rise. We also have some of the content and broadband providers on the rise as well. Disney, dish, Discovery Communications and charter communications. Mccrory looking at the media landscape for this year emphasizing the idea that content is king and that some of these content creators are going to do better. Fox buying more content. Variou...

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