Trend Trading: Semiconductor Index ETF

The Philadelphia Semiconductor Index ETF (SOXX) is Bullish, although losing momentum on the MACD – both long and short term. The ETF is trading approximately 17% above the S&P 500 Index over a 200 day moving average. So after this pullback, or dip, we’ll look for the MACDs to go Positive. The next Break out is resistance at the all time high at $444.00.

The breakout area is shown on the stock chart below:

Semiconductor Index ETF (SOXX)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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