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[Music] yeah I notice on those sectors that we are seeing Tech down once again xlk the infotech index right there um and it's been sort of suffering quite a lot lately yeah let's do that five day and indeed we have been seeing it slide month to date down nine percent yeah pretty pretty lousy here so let's talk a little bit more about what's been happening within technology here we're tracking that freselloff in Tech we talked about Tesla the NASDAQ specifically is down more than 30 percent in 2022 it is the underperformer by far of the three major averages you can see there are some of large cap Tech and what it is doing today but if you look at ear to date Apple's down almost 27 percent it's the company's worst yearly performance to since 2008 and those superlatives are true of many of the other large cap Tech players you guys yeah I like this note from Matt Melly friend of our show over military back noting that apple is probably the most important stock in the market to watch over the next a week or two also calling attention to Apple stock must hold at 130 dollars in terms of support at least if you're a chart fan has to hold that level if it doesn't it might signal a fresh wave a new Fresh wave of tech selling uh earned internally next year yeah one thing that I'd keep an eye on within the sector as well is the semiconductors because even with an apple you think about a company that touches everything from consumer electronics all the way into the chips space and where the demand can be driven more outsized by a company by Apple based upon the orders that they place in for some of those semiconductors and then even into not just the end consumer but also into the larger businesses that may be purchasing from them Apple touches all of that but within semiconductors we've seen a significant decline you're looking at the past month for the Sox and semiconductor ETF index from Ice shares and that's down by about seven percent over that time and year to date it's down by about 38 percent so keep a close eye on some of those semis going into next year it has been quite the sob story in semis and continuing to watch to see where demand comes back especially at a time where you've got some of the slowing shipments in handsets but then additionally on the PC demand side just a question of when that's going to return as well too much inventories we heard that from Micron last week there was too much chimp inventory and wow what a change in portions for that industry yeah I mean look at how these stocks have performed right the question is at what point does it turn right at what point is that priced in the lousy...