ISHARES PHLX SOX SEMICONDUCTOR SECTOR INDEX FUND

Big trendline break

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Chip leaders LRCX and Nvda are starting to fail. Watch Soxx and see if it can complete a head and shoulders patter.

SOXXSMHNVDAINTCAMDSOXSSOXLQQQ Broke trend line twice with RSI nearly oversold. Now, there's plenty of room for selling to continue.

Target $146

SOXX 010317

SOXX Relative 122816

Entered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.

Possible ABC pattern here, target $103

$75- Support $90-Trigger Line

Reached first support/demand zone, after kissed good buy the lower boundary of the wedge. Q's also at support/demand zone

Semiconductor's aligned performance with major indexes is well known and well advertised. Many felt disappointed and lost money - myself included - when they broke year's old resistance. With an empty chart - that always help - found the following: -Doji at the upper boundary of a bearish wedge -127 fib resistance -Monthly old money flow divergence, as well ...

Interesting pair here. Although the ETFs are tracking different sectors, the correlation between the two in the past 100 days is good ( 70 % + ), but more importantly , the co -integration is high @ 86 %. This is the 3rd trade this year for this pair. So far, all trades have been successful. CORRELATION : 70% COINTEGRATION : 0.86 LONG SOXX (GREEN) @ 50.02 SHORT ...