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Philadelphia Semiconductor Index (SOX)

NASDAQ
Currency in USD
Disclaimer
4,526.2
+47.4(+1.06%)
Closed

Philadelphia Semiconductor Index Discussions

I see failed UP and down below 1300. 1362 is support tho, so any time below is a BUY
Rejected at 1500. I'd say 1362 is working as magnet now and there's a high likelihood that we undercut and it gets a bit scary
I could see a gap-fill @ $1477 and rejection at $1500 before the backtest at $1362. That really should be the last time we touch $1362 before $2000
I believe this is B wave of ABC down. Staying patient for a better buying opportunity
Heat seeking missile to 1362 as expected
Maybe tomorrow
 What you're missing is 1362 or anything below always = BUY
I agree sold soxs this morning
I believe we have broken to new highs in the after hours. So this area is tricky because ultimately we have a sustained breakout but there is chance after rate cut that we get one last scary dip to make everyone think twice about being long this sector. So pretty much thinking same way I was on July-12 post
We're ready to RIP higher here
Okay, so my thoughts are we get a marginal breakout over 1600 followed by another retest of 1362 then rocket to 2000. If that holds true, we should see 1650-1700 before July-29 FOMC rate cut then the market will try and sell the news (but fail) and we will hold 19yr resistance turned support. This sector has gone nowhere for 19yrs and has been consolidating at all time highs for nearly 24 months. It's time people. This will get your kids through college
There is a % chance that we backtest breakout once more at 1362. I wouldn't bet on that though and continue to stay very long the space with individual exposure in INTC and MU
If that happens it will be a dirty drop and get bought up towards 2000
1400 coming
There's a chance of that, 0%
Again, we are at support and I am very long the chip space
We are at support. 1600 will be taken out with force
First cycles in strong bull markets typically regain the recent highs before a material correction. I would say SOX can get above 1600 maybe even 1700 before the July-FOMC meeting at the end of the month
We are setting up for a long bull run in this sector, which has been flat for 19yrs. Many big names like INTC, MU are down materially from their ATHs which are acting as a magnet to pull price UP
I wonder if Xi-20 Meeting bring buyers to the semiconductor stocks. And the Fed is the big show in town, which will be supportive of asset prices delivery return above fixed rates
No resistance, not even 1600 will stop this thing. more like 2000
Support at 1362 is stronger than any force you have come to know in this world
https://invst.ly/b3otb. . below 1347 can spell trouble
 Doesn't look like that's going to be an issue
I see a bull flag forming / pennant
Only upside from 1400 level here. We have support right underneath from 10-day and 100-day. 50-day has flattened in 1440s
Semis have some catching up to do. 1600 is a magnet. Have individual exposure through INTC and MU along w my SMH plays
Drive it like you stole it ;-)
Support is 1362, we bought more at support.. Think we have a nice push coming here
1600 is resistance, nothing between there. Will reassess when SPX gets over 3000 for good measure
Sitting on 19yr resistance 1362 after consolidating here for over 2yrs. Place your bets. My bet is LONG and UP towards 2000. 1600 was first shot of many WINS
Everything said this week by the central banks will make stocks go UP
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