iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has exploded to a fresh 52-week high on a massive breadth thrust, with the semiconductor/SPY ratio confirming clear sector leadership — but RSI at 80.6 and extreme call buying argue for waiting on a pullback into the $430–440 zone before adding exposure.
Catalysts to Watch
SOXX broke to a new 52-week high of $465.75 on May 1, completing a near-vertical recovery from its early-April low of ~$340 (+37% in less than four weeks). The SOXX/SPY ratio simultaneously reclaimed both its 50-day and 200-day moving averages, confirming renewed semiconductor sector leadership.
Why It May Work
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Timeline
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