iShares PHLX SOX Semiconductor
Investment Thesis
Semiconductors are the clear market leader — SOXX broke to 52-week highs with the SOXX/SPY ratio also at multi-year highs — but stochastic at 99.3 and volume contracting on the breakout argue for patience: a pullback toward $615–625 offers a better risk/reward than chasing at current levels.
Why It May Work
Why It May Not Work
Timeline
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