SOXX, week 7 of the managed decline
SOXX slips 2.2% and stays boxed between two tight moving averages
Our view last week
SOXX, the semiconductor ETF, gave back last week's calm fast. This week the price drops 5.5% as sellers take 89% of the volume, a sharp reversal from the past 3 weeks of buyer dominance. Money flow flips negative again, and the weekly technical analysis points back to a distribution phase.
This week's summary
SOXX's rebound stalled again: the semiconductor ETF gives back 2.2% and stays squeezed between the 20-week average and the 100-day average, a tight range that won't let either side break free. Sellers still control the tape but less forcefully than last week, 66% versus 89% of volume, while money flow slides further into negative territory. A technical analysis case worth watching closely.
IQS Phase
76
in tension
Signal Strength
33
decline losing steam
Sizing
REDUCED
Ranking
#41 / 96
US stocks
Trade P&L %
+2.53%
from signal to date, no stop loss
Rank position
ranks 41st among the 96 sell signals for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
SOXX belongs to the etf settoriale sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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