Today, semiconductors alone drove the KOSPI up 4~5%,
but today, as a market indicator, the Hindenburg Omen signal occurred for the first time.
Of course, one occurrence doesn't mean anything, and at least five occurrences are needed to say that there is more than a 50% chance of a downtrend,
but due to severe concentration, other sectors are pulling money away and switching to leading stocks, so the McClellan Oscillator is quite low...
The overall market health feels a bit weak,
I've been exercising hard for basic physical training, but I'm currently experiencing knee osteoarthritis and back pain...
Of course, looking at the rise of semiconductor stocks now, there is nothing to worry about whether it's the US or Korea,
but as money flows out of other sectors and continues to decline, it seems possible that power stocks and renewable energy stocks, which were following along, could experience a slightly longer adjustment...
When semiconductor stocks cool down somewhat, there is a possibility that the stocks that had been experiencing minor adjustments will shine again... It seems like we need to judge based on the supply and demand situation. The current situation feels similar to late January if you only look at the data.
Foreigners are also leaving other sectors besides semiconductors, and when the semiconductor rally calms down somewhat, it remains to be seen whether other sectors will lead again this time.
We need to watch until Friday of this week to see if the stock market will continue its rally or if a significant adjustment will come to other sectors besides semiconductors.
