U.S. Markets open in 2 hrs 40 mins
  • S&P Futures

    4,013.75
    -18.75 (-0.46%)
     
  • Dow Futures

    33,626.00
    -159.00 (-0.47%)
     
  • Nasdaq Futures

    11,893.00
    -75.00 (-0.63%)
     
  • Russell 2000 Futures

    1,886.70
    -6.80 (-0.36%)
     
  • Crude Oil

    77.07
    -0.83 (-1.07%)
     
  • Gold

    1,919.10
    -20.10 (-1.04%)
     
  • Silver

    23.18
    -0.55 (-2.31%)
     
  • EUR/USD

    1.0837
    -0.0020 (-0.1842%)
     
  • 10-Yr Bond

    3.5510
    0.0000 (0.00%)
     
  • Vix

    20.68
    +2.17 (+11.72%)
     
  • GBP/USD

    1.2317
    -0.0037 (-0.2968%)
     
  • USD/JPY

    130.4210
    +0.0630 (+0.0483%)
     
  • BTC-USD

    22,885.12
    -299.08 (-1.29%)
     
  • CMC Crypto 200

    518.84
    -19.04 (-3.54%)
     
  • FTSE 100

    7,710.23
    -74.64 (-0.96%)
     
  • Nikkei 225

    27,327.11
    -106.29 (-0.39%)
     

Can Semiconductors Lead Stocks Again?

By: David Wienke, Keystone Charts, Inc.
Harvest Exchange
December 14, 2017

Can Semiconductors Lead Stocks Again?

Semiconductors have been an important market leader this year, but have seen a sizeable pullback in the last month. SMH is still up +36% on the year, but was up over +47% as recently as November 24th. This chart may be an important gauge as to whether semis can get their mojo back. SMH vs QQQ is nearing its 200dma which has been very pivotal for a while. It is also at the June high in the pair where we saw it break out, filling in the gap. Not a bad technical spot to see semis start to outperform again. Or, is the market moving on to something else in the rotational themed equity market??



Originally Published at: Can Semiconductors Lead Stocks Again?