May. 12 at 9:40 PM
Given that Samsung & SK Hynix have now exceeded 50% of
$EWY, there will need to be some "rebalancing" to satisfy US Diversification requirements by end of month @IBDinvestors @marketsurge charts here:
https://bit.ly/3zhabe3
Similar to today, South Korea's weakness very well could metastasize to US Semis and ripple across Memory/Semis near-term. A bounce attempt into end of week/early next should satisfy wave counts/DeMark on SMH.. Volume today on selling reached the highest since early April- Most of Semis/Memory/Optical are growing to be sub-par on a 1-month risk/reward
Let's hope the sherpas have those ropes tied as when the air gets thin in the death zone, well.. just ask Krakauer. i won't spoil the fun