iShares PHLX SOX Semiconductor
Investment Thesis
SOXX printed a new 52-week high at $520.30 on May 8 while its relative strength ratio vs SPY simultaneously broke to a cycle high — semiconductors are asserting undisputed sector leadership. The breakout is technically sound, but with RSI at 77.78 and price 36% above the 50-day MA, the plan is to buy the first meaningful pullback to the ~$478 breakout zone for a far superior risk/reward.
Catalysts to Watch
SOXX closed at a new 52-week high of $520.30 on May 8, 2026, completing a +35.7% surge from the April 13 low in just 18 trading sessions; simultaneously, the SOXX/SPY relative strength ratio reached a new cycle high of 0.705, breaking above both its 50-day MA (0.558) and 200-day MA (0.467).
Why It May Work
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Timeline
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