THE SOX IS OVERBOUGHT

I’ll demonstrate one of the many things the Exodus Market Intelligence Platform does right now. At the moment, the triple lindy downside semi ETF is flagging oversold. Exploring this further, you can see the backtest history to be of the sublime varietal.

Here is the track record of this algo over the past 6 months. Note the percentage gain over 10 trading days, upwards of 20%.

Here is the data for the past 12 months, nearly flawless.

Here is the last time this ETF was flagged OS, right before the January meltdown.

And here is a look at one of the semi sectors, broadline. That chart represents the composite scores of all index members, using our algorithms that rank both technicals and fundamental factors.

I’ll need to toss in a few caveats, naturally. Past performance isn’t indicative of future results. However, the data looks fairly alluring. Since I have an aversion to 3x ETFs, I’ll pass on this call…just because. Couple this with yesterday’s warning shot across the bow of the internet, and a strong narrative is being formed for catastrophically lower share prices in the short term.

Just kidding. A small correction (extra Delbert Grady) is in order.