Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Semiconductors Making Big Breakout

by March 16, 2023
March 16, 2023
Semiconductors Making Big Breakout

Semiconductors ($DJUSSC) opened 2023 with a BANG! They spent the entire month of February and the first two weeks of March consolidating in a bullish ascending triangle pattern, but today we’re either going to get a confirmed breakout or a false breakout. It simply depends on where we close:

Notice that the daily RSI has remained almost exclusively in the bullish 40-70+ range since October. That’s a signal that semiconductors are trending higher. Clearly, the price chart is confirming it.

What’s important to understand about semiconductors moving higher, though, is that such relative strength typically accompanies a move higher in the S&P 500. Check out this chart and look at the positive correlation in the bottom panel:

I’ve highlighted the positive correlation region above 0.50 in blue and the negative (or inverse) correlation region below -0.50 in red. Check out how often these two areas are reached. There is VERY strong positive correlation between the relative strength in semiconductors and the direction of the S&P 500.

We’ve been guiding our EarningsBeats.com members through a very difficult market environment the past few years via research like the above. Listening to all the bearishness on CNBC serves no purpose, other than entertainment. Follow the charts, improve your odds, and build your financial worth. Check us out at EarningsBeats.com. CLICK HERE to start a FREE 30-day trial and get a leg up on Wall Street.

Happy trading!

Tom Bowley, Chief Market Strategist, EarningsBeats.com

0
FacebookTwitterGoogle +Pinterest
previous post
How to effectively pass your wealth onto your family
next post
Britain slips to 29th in global life expectancy rankings

You may also like

Trade Pullbacks Like a Pro: Simple Moving Average...

April 16, 2025

High Risk of Market Downside in December?

December 7, 2023

Finance, Family, Society: Finding a Good Balance

March 8, 2023

1-2-3 Reversal Pattern: What It Is and How...

July 24, 2024

DP Trading Room: Downside Exhaustion Climax

June 27, 2023

Will This Massive Reverse Head & Shoulders Bottom...

April 16, 2023

DP Trading Room: Shareholders Should Come First

June 5, 2023

Stock Market Wrap: Stocks Rebound as May Kicks...

May 2, 2025

Unlocking the Secrets to Profitable Semiconductor Investments

February 21, 2025

3 Unique RSI Techniques to Maximize Your Investments

February 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How Should We Think About Misinformation?

      June 26, 2025
    • Mossad chief thanks US for help with Iran, says ‘mission is not yet complete’

      June 26, 2025
    • Who is Anthony Bernal?: The ‘indispensable’ Biden aide ditching House Oversight probe on his mental decline

      June 26, 2025
    • Senate GOP eyes Medicaid sweetener to save Trump’s ‘big, beautiful bill’

      June 26, 2025
    • How to create an inspiring workspace

      June 26, 2025
    • Jill Biden’s ‘work husband’ runs for cover as privilege protection crumbles

      June 26, 2025

    Categories

    • Business (8,315)
    • Investing (2,073)
    • Politics (15,809)
    • Stocks (3,168)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved