SOXX - iShares Semiconductor ETF

Soloway describes SOXX as being in 'uncharted bubble territory' and calls it the biggest bubble he has ever seen. He identifies a logarithmic trend line that the index is approaching but does not give a specific sell recommendation, instead urging caution and close monitoring.

SOXX is also showing a potential bearish reversal engulfing candle forming, though it hasn't confirmed yet. Gareth mentions trend lines that need to be watched for confirmation.

Hourly trendline broken, retesting into resistance at 'scene of the crime.' Logarithmic daily chart shows price at key resistance matching COVID-era trendline highs. Multiple breadcrumbs suggest a short-term top may be forming.

Hourly trendline broken, now retesting former support as resistance around $550. Multiple technical signals suggest a short-term top is forming after the 75% rally.

The host argues the 60% semiconductor rally since April 1st was driven by leverage (eSLR-fueled institutional buying and call options activity) rather than earnings fundamentals, and that this leverage is now exhausting. He identifies a textbook exhaustion pattern and warns of forced deleveraging ahead.

Host notes SOXX is up another 5% on the day and up 166% in the last year. Presented as factual market data showing the breadth of the semiconductor rally.

Host notes SOXX up another 5% and up 166% in the last year, viewing it as a continued bullish signal for semiconductors.

The Philly Semiconductor Index is extended above its 200-day moving average by the largest margin since the dot-com bubble. The trader states 'the mean always wins, always' — implying a significant reversion is due.

The Philly semiconductor index is trading above its 200-day moving average by the largest margin since the dot-com bubble. The trader states 'the mean always wins, always,' implying a significant reversion is coming.

Pulling back from a key trend line/trend zone, reflecting broad semiconductor sector weakness.