BTIG says semiconductors are flashing signs of medium-term weakness

seekingalpha07-31

BTIG's Jonathan Krinsky said that Wall Street may be observing signs of weakness across the semiconductor landscape as exchange-traded funds such as the VanEck Semiconductor ETF (NASDAQ:SMH) are ...

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Again, failure to respond to oversold conditions is typically a sign of medium-term weakness,” Krinsky said in an investor note. The investment firm went on to add: “We still think the spread between something like ITB and SMH is likely to close, but it could be a function of both moving lower, with ITB lower at a faster rate over coming days.” See BTIG's SMH chart below:  For investors that want to further track the status of how the semiconductor industry is trading, they may look towards exchange-traded funds that offer a diversified approach to the industry. Highlighted below are eight specific funds that investors can choose from.  VanEck Semiconductor ETF (SMH) iShares Semiconductor ETF (NASDAQ:SOXX) First Trust Nasdaq Semiconductor ETF (FTXL) SPDR S&P Semiconductor ETF (XSD) Invesco Semiconductors ETF (PSI) Columbia Seligman Semiconductor & Technology ETF (SEMI) Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEARCA:SOXL) ProShares Ultra Semiconductors ETF (NYSEARCA:USD)  Year-to-date performance: SMH +31.2%, SOXX +14.8%, FTXL +10.7%, XSD +3.3%, PSI +9.1%, SEMI +16.9%, SOXL +18.6%, and USD +87.5%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455132564"}