2024-05-02 08:10:00 ET
Summary
- To understand if this is just a short-term dip or something more meaningful, we must look at the technical and fundamental backdrop that is moving sentiment.
- Semiconductors and their earnings announcements have been key with the wave of investment into AI capability and technology infrastructure spending.
- The 50-day moving average rebuffed the rally Monday with more resistance set above, that will be key to monitor and will give us our technical cues.
By Ryan J. Puplava ...
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Dip Or Correction?