Semiconductor Stocks $SOXX have now traded red for 5 consecutive days. A red day tomorrow would be the longest losing streak since September 2023 🚨 https://t.co/aOsDFWC3Sr
Semis look enticing here at +12 month trendline support... 👀 $SOXX Top Holdings: $NVDA: 10.35% $AVGO: 9.01% $AMD: 7.92% $TXN: 6.33% $QCOM: 6.04% https://t.co/fpYxuWoXMy
Tomorrow $QQQ will go for the 5th consecutive red day. Something it has not done since late Dec 2023-beginning Jan 2024. And god forbid it closes red tomorrow…. The Q’s haven’t gone 6 red days in a row since October 2022, when it was THE stock market bottom. Interesting.

The semiconductor sector has experienced significant outflows over the past few days, with major stocks such as AMD, AVGO, QCOM, and TSM leading the sells. The $SOXX index, which includes top holdings like NVDA, AVGO, AMD, TXN, and QCOM, has traded red for five consecutive days. This marks the longest losing streak for $SOXX since September 2023. Meanwhile, the $QQQ index has also been on a downward trend, recording its longest losing streak of the year with four consecutive red days. If $QQQ closes red tomorrow, it will be the first time since late December 2023 to early January 2024 that it has had five consecutive red days. The $SOXL index has also seen significant outflows. The last time $QQQ had six consecutive red days was in October 2022.

