The Semiconductors are a bellwether in the tech sector as well as a leader within the broader stock market.
The current rally off the December 2018 low has been lead by tech stocks, and has the Semiconductor ETF approaching another important crossroads.
Looking at today’s chart, we can see that the Semiconductors are testing their 2000 highs (1) AND 2018 highs again this month (2).
What they do at (2) should send a very important message to the broad markets! Stay tuned!
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.