Semiconductors (using the SOX Index) – like the overall market – have been on a tear. Among the other leading indicator subsets of the market (including Transports & Small Caps), Semi’s have proven, over time, to be a great navigator of where equity markets may be headed. The SOX Index double-topped out in both January and February around 1983. Yesterday, this index closed @ 1883.
Watch the SOX.
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