6/3/2026
The SOX semi conductor index rose again todayb but the DOW was solidly down.
This Market Carpet chart shows the action in the DOW stocks by dollar activity, it is a price weighted index. Notice only five stocks were up. I showed yesterday that retail and restaurants were trending down contrary to the tech mania. Here is an example of that market and how the five tech stocks dominate.
the SPX also sold off, below it kissed its upper trendline and retreated.
Next the DOW retreats as well.
Note all three are hourly charts. A reversal after all the hoopla, should be significant.
Silver and gold fell today and should fall further.
Bond yields will eventually move much higher regardless of what March thinks or says.
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