Semiconductor stocks have been leading the market higher this year. The above chart measures the performance of the Semiconductor Index to the S&P 500. The Semi's ran into resistance back in early March. After a correction it broke th… Read on blog or Reader Cycle Trading Read on blog or Reader Warning Shot Across The Bow By likesmoneystudies on July 1, 2024 Semiconductor stocks have been leading the market higher this year. The above chart measures the performance of the Semiconductor Index to the S&P 500. The Semi's ran into resistance back in early March. After a correction it broke through resistance in June, but could not hold above the resistance. It now appears that a "kiss good-bye" is in-progress. On Saturday we discussed Friday's bearish reversal. Things are starting to add up. In the Weekend Report I look at Friday's bearish reversal in respect to the weekly and yearly cycles and how Friday's bearish reversal could be the first domino of a larger move. Comment Like You can also reply to this email to leave a comment.

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