Chipmakers need to diversify their production bases, which for better or worse will impact Taiwan, current center of the chip fabrication sector.
Let's review the charts and indicators.
As this name is set to report earnings, the charts look bearish.
The notion that China will ease its zero-Covid policy spurs stocks higher even though there's no indication from the government of a pending change.
The elections and the CPI report are going to be the big market movers this week.
It will be difficult for most investors to entertain the possibility of a market bottom until tech stocks find a bottom.
The stocks that for years were the market darlings have suffered through a rough year.
There are a couple technical reasons to think that a short-term dip in stocks produced by Amazon's disappointing results could attract buyers.
It's hard to know, though it is encouraging that the major indexes are holding up fairly well even as the technology leaders are blowing up.
A better buying opportunity lies ahead.