SOXQ - Chart Of The Day: Why I'm Worried About Semis And Semis

2025-03-28 12:20:00 ET

Summary

• Semiconductors and transportation stocks both serve as good economic and market indicators.
• The VanEck Vectors Semiconductor ETF peaked all the way back in the summer of 2024. It tried to recapture those highs at the start of this year but failed. Then it broke down on heavy volume, re-tested that breakdown, and failed again.
• The massive, post-election breakout in the Dow Jones Transportation Average couldn’t hold through year-end. Then we chopped around for a couple of months... before collapsing in late February.

By Mike Larson

Sem-EES. And Sem-EYES. Both serve as good economic and market indicators. Unfortunately, neither looks encouraging here....

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