The SOX Index is a 30 member list of the largest semiconductor companies out there. Below is a 2-yr, weekly chart of this widely watched index. We are now well above the previous highs made in February of this year, and have gained nearly 75% from the lows made in March.
Many turn to this index – along with small caps, transports, and others – as a leading indicator. Is the SOX pointing at new highs on SPX? We shall see.
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