One month and a day since the Philadelphia Semiconductor Index ((SOX)) last made an all-time, the index did it again Monday right at the opening bell clearing both short-term resistance and breaking a small string of lower highs that has been in place since that 6/5 high.
Semis started the month on a negative note last Wednesday, underperforming the S&P 500 by over a percentage point. In the last two trading days, though, the index has turned things around and is only marginally underperforming the S&P 500 MTD. While the index may be underperforming, the