Surging like this at this time of night? Midnight Eastern

Created at
98.**.204.45   5   1   0  

I was sitting in front of the computer until late planning my vacation, and right before lying down to sleep, I opened my chart app and saw semiconductor stocks surging, which made me wide awake. I hurriedly searched the news and also asked the AI...

Why futures surged tonight

1) Although the Trump-Iran news is really exhausting, news of resuming peace talks between Iran and the U.S. is emerging again. With reports that Iran might seek a diplomatic solution (WSJ report), expectations for oil price stabilization and eased geopolitical risks have refueled. The AI says this is the key trigger for the rebound... Hmm... 🤔🧐😕 🤌 🤌
2) Technical rebound from an oversold state: With the Nasdaq 100 and the SOX index entering technically oversold territory, Derek Peterson of Schwab and others mentioned that it is time for a mean reversion.
3) Eagerly awaited Big Tech/semiconductor earnings releases this week and subsequent buy-the-dip: With earnings announcements from Alphabet/Tesla (Wednesday) and Intel (Thursday) imminent, stocks like Micron, AMD, and Astera Labs rebounded first, building anticipation for a sector earnings confirmation rally...
4) Buy-the-dip sentiment/retail betting: Reports emerged that retail investors are taking bullish positions on memory and neo-cloud-related stocks like Micron and SanDisk.

In conclusion, at this late hour, it seems reasonable to view the surge in the futures market as a combined result of expectations for eased geopolitical risks (Iran), a technical rebound due to short-term oversold conditions, and positioning ahead of this week's earnings season. However, Ed Yardeni is still warning that the SOXX could fall an additional 12%, and retail investors are divided over whether this is the real bottom or just a dead cat bounce. Therefore, Alphabet's earnings on Wednesday and Intel's earnings on Thursday will likely be the key variables determining the next direction for the semiconductor and AI/data center sectors.

 



Tags: SOXX Share on Facebook Share on X

◀ PREVIOUS
Goldman Sachs: Hedge funds sold US tech stocks at a record pace over the past two months

  Comments 1
146.**.172.132 (Created at )   | Reply
Thank you~
SIMILAR POSTS

SOXX trading volume and market sentiment today... Sharing AI-related data.

(created at )

Why SOXL Gained 3,500% While SOXX Rose 300%: The Magic of Daily Compounding

(updated at )


OTHER POSTS IN THE SAME CATEGORY

Goldman Sachs: Hedge funds sold US tech stocks at a record pace over the past two months

(updated at )

Is this also a talent? (Currently -40% on blue-chip stocks)

(updated at )

What's with today's rebound?

(created at )

None of my stocks are up... T_T

(created at )

SOXX trading volume and market sentiment today... Sharing AI-related data.

(created at )

Is Robinhood a shady company? They suddenly removed inverse products from the 24-hour market.

(created at )

Buying Tesla?

(created at )

Buying MU, SNDK, MRVL constantly?

(created at )

Fidelity is calling me so frequently

(created at )

Semiconductor stocks will be continued to drop more than 20% on monday, because of me

(created at )

Decision to deploy U.S. ground troops

(created at )

Apple using CXMT memory chips in the Chinese market

(created at )

Is monday positive?

(created at )

Longterm investment for SKHY?

(updated at )

Mu

(created at )

UPDATES

Goldman Sachs: Hedge funds sold US tech stocks at a record pace over the past two months

(updated at )

Is this also a talent? (Currently -40% on blue-chip stocks)

(updated at )

What's with today's rebound?

(created at )

None of my stocks are up... T_T

(created at )

SOXX trading volume and market sentiment today... Sharing AI-related data.

(created at )

Is Robinhood a shady company? They suddenly removed inverse products from the 24-hour market.

(created at )

Buying Tesla?

(created at )

Buying MU, SNDK, MRVL constantly?

(created at )

Fidelity is calling me so frequently

(created at )

Semiconductor stocks will be continued to drop more than 20% on monday, because of me

(created at )

Longterm investment for SKHY?

(updated at )

Decision to deploy U.S. ground troops

(created at )

Apple using CXMT memory chips in the Chinese market

(created at )

Is monday positive?

(created at )

Why SOXL Gained 3,500% While SOXX Rose 300%: The Magic of Daily Compounding

(updated at )

Mu

(created at )

GameStop’s 9.8% eBay Stake, Trump’s Warning to Shorts, and the Bill Pulte DNI Connection

(created at )

What is DIGICOS?

(updated at )

Why Did My Stock Limit Order Get Cancelled Automatically?

(updated at )

Does the Wash Sale Rule Apply Across Spouses and Multiple Brokerage Accounts?

(created at )

Sharing My Semiconductor Average Costs

(created at )

Netflix - Back to 2021

(created at )

The reason why GOOG dropped today - Ongoing Legal Challenges in the EU

(updated at )

Palantir Secures Landmark US Navy Contract

(created at )

US November CPI Report - Below Expectations Amid Shutdown Aftermath

(created at )

No Santa Rally, Just a Santa Slide

(created at )

Please, please just buy 5000 shares of TSLL... (please)

(updated at )

I have some extra money and want to buy Bitcoin, but should I wait?

(updated at )

How much do you pay in tax preparation fees?

(created at )

US Stock Market Forecasting

(updated at )