SOXX — All updates

SOXX is the semiconductor ETF created by iShares. It tracks the semiconductor index, very simple. You can see the meteoric rise that semiconductor stocks experienced in April, May, and June, peaking, I think, on June 19th or June 17th, roughly mid-June, is when I set this record.

The SOXX index has risen by 100 % since the beginning of the year." More importantly, I think what's going to happen is that the SOXX fund will experience a kind of insane rally, and as it pulls back, the semiconductor companies we know and love and hold in our portfolios , like Nvidia, Micron, and AMD— names I believe will continue to perform well in the long run—will be negatively impacted by what I would call... what else could I call it?

Collateral damage in a broader sell-off in the semiconductor sector , where the market will start saying, 'Wait a minute, we should n't have raised the price of every stock with ' semiconductor' in its name .'

Moving through taking a look at semiconductors, another key area within the technology grouping and you can see that we are still in a downtrend. We're on the lookout for not only a move with the SOXX iShares Semiconductor ETF back above that 50-day simple moving average, but we want it to take shape on heavy volume, taking us back to this April period, the sharp uptrend that took place.

Get that RSI back above 50 and then likewise with that MACD, but at this point in time, very much languishing as noted.