iShares PHLX SOX Semiconductor
Investment Thesis
SOXX reclaimed its 50-day MA ($344) after a sharp panic flush to $309.79 on March 30 — a +11% recovery in 5 sessions. MACD histogram is turning bullish, relative strength vs. SPY is reasserting above its own 50-day ratio MA, and elevated put/call ratios (SPX P/C at 1.26) provide a contrarian tailwind. The path to the 52-week high at $368 is open.
Why It May Work
Why It May Not Work
Timeline
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