iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has plunged ~23% from its June 30 high of $640 to $491 in under four weeks — RSI at 32.87, stochastics at 9.6/19.1 (deeply oversold) — while the broad S&P 500 holds firm with 72% of stocks above their 200-day MAs. A classic sector-specific washout; if price stabilizes above today's low, a mean-reversion bounce toward the 50-day MA ($568) is the base case.
Why It May Work
Why It May Not Work
Timeline
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