Don't Ignore This Chart!

Semiconductors Leading The Charge

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The semiconductor group has been very influential during the recent rally.  In fact, the SOX has been outperforming the S&P 500 since late in 2008.  A key relative resistance area has been approached, however.  Whether the market can sustain a move higher could hinge significantly on how semiconductors continue to perform on a relative basis.

SOX vs. S&P 500 6.9.09
-Tom Bowley

Join Tom and the Invested Central Team at www.investedcentral.com.  Invested Central is an education-first stock trading service that provides its members with their flagship product - the Daily Market Report, intraday stock and ETF alerts, and LIVE chats 4 times a week, among other features.

Tom Bowley
About the author: is the Chief Market Strategist of EarningsBeats.com, a company providing a research and educational platform for both investment professionals and individual investors. Tom writes a comprehensive Daily Market Report (DMR), providing guidance to EB.com members every day that the stock market is open. Tom has contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market. Learn More
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