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.
Why It May Work
Why It May Not Work
Timeline
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