Tech & Semis Bounce Off 50-Day After Sharp Selloff, But Conviction Remains Low

In my view, today wasn’t a meaningful, trend-altering day, it was mostly just technical factors at play. Several times at the the end of last week I wrote some version of, “The market does not move in a straight line.” Compounding that principle,  were Semis Hammered  hard Wed-Thurs with the SOX Index down over -13%…