iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has pulled back ~6% from its 52-week high of $655 while its relative-strength ratio versus SPY holds firmly above both the 50- and 200-day SMAs — semiconductors remain structural market leaders and the current volatile consolidation offers a momentum re-entry within the dominant uptrend.
Catalysts to Watch
SOXX hit a 52-week high of $655.01 on June 22, then pulled back into the $590–615 support zone over five volatile sessions; price recovered to $614 on June 29 while the SOXX/SPY relative-strength ratio remained above both its 50-day SMA (0.726) and 200-day SMA (0.533), signaling that semiconductor leadership remains structurally intact
Why It May Work
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Timeline
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