The semiconductors have been a slippery group for a while now, with fits and starts each time it looked like they were ripe as a group to benefit from a sector rotation and lead the next leg of the bull higher.
Today, however, the action is quite impressive, with names like AMD AVGO STM SWKS TQNT, among others, strong as can be.
Looking at the daily chart for the sector ETF, you can see today’s strong price candle, trying to break higher from a recent consolidation. Follow-through, of course, is going to be key, as has been the issue for a while now with the group.
More on this after the bell on my video market recap.
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