
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.
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.

