Marvell Technology Inc (MRVL)

[SyndicateTwo]

That's a good question because looking at the $SOX chart today, it appears that it wants to breakdown. If so, it's got 30 points of downside.

I just can't imagine that going into the 4th quarter. But then again, we actually might be setting up a market scenario where all the gains are gotten now and Nov and Dec just drift down. That happens all the time.

It would make sense being that all profit growth expectations for the S&P are flat and too many are expecting a huge rally.

The way it would work would be a flat ending of the year and a spike in Jan/Feb.

There's just not enough breadth in the market and it's a huge red flag to this rally.

As the new inflows into funds dries up, you'll see those '4 horsemen' fall back.