Streaks and troughs for the SOX

The Philly SOX Index has risen for 8 straight weeks.

Just a note to say, 8 weeks is rare streak.

It doesn’t mean it falls from here, but probability implies it takes a breather for a week or three.

The circles in the chart below are the main focus…..for next time.

That’s when the SOX appeared as an oversold quinella in the April 4th, 2025 edition of Macro Extremes publication.

It has seen a 54% advance since then.

Those April 4th and April 11th editions of Macro Extremes contained the broadest smorgasbord of oversold extremes I had seen in years.

July 24, 2025

rob@karriasset.com.au