Semiconductors are quite stretched

Parabolic?
Mean Reversion?
A semiconductor chip shortage is news recently,
but going “long” now is something some may be doing at the wrong end of the cycle or story….

The SOX index is now trading 100% above its 200 Week Moving Average….that’s its weekly average, not daily.

April 8, 2021
by Rob Zdravevski
rob@karriasset.com.au