Im waiting for SOXL RSI to hit

Im waiting for SOXL RSI to hit above 70 this week and im getting puts 2 weeks to a month out. Easy.

Chip Stocks Are Setting Records, But This Hidden Chart Pattern Says Momentum Favors The Bears

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Mrlobaloba
06-23
Mrlobaloba
The dump is starting! Lets go! Puts to
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Easy.&nbsp;</body></html>","htmlText":"<html><head></head><body>Im waiting for SOXL RSI to hit above 70 this week and im getting puts 2 weeks to a month out. Easy.&nbsp;</body></html>","text":"Im waiting for SOXL RSI to hit above 70 this week and im getting puts 2 weeks to a month out. Easy.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/577080255484240","repostId":2644052079,"repostType":2,"repost":{"id":"2644052079","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1781880595,"share":"https://ttm.financial/m/news/2644052079?lang=en_US&edition=fundamental","pubTime":"2026-06-19 22:49","market":"other","language":"en","title":"Chip Stocks Are Setting Records, But This Hidden Chart Pattern Says Momentum Favors The Bears","url":"https://stock-news.laohu8.com/highlight/detail?id=2644052079","media":"Dow Jones","summary":"The SOXX's RSI indicator has fallen further below the overbought threshold despite prices making record highs. Visitors watch a wafer shown on screens at the Taiwan Semiconductor Manufacturing Company Renovation Museum at the Hsinchu Science Park in Hsinchu on July 5, 2023. Some bearish signals are popping up around the hot chip sector.There's a tendency to watch for what something can do, to determine its technical bias. But at potential turning points, what something can't do is often more meaningful.There's a Wall Street saying that there's nothing more bullish than a record high. And on Thursday, the iShares Semiconductor ETF SOXX shot up 6.6% to a second record close in the past week, and the fourth record this month, despite concerns over valuations after a 112% run up this year.Despite the continued climb to new highs, the SOXX has suffered five down days over the past 11 sessions. \"Momentum is clearly waning,\" BTIG technical analyst Jonathan Krinsky wrote in a recent note to c","content":"<html><head></head><body>There&#39;s a tendency to watch for what something can do, to determine its technical bias. But at potential turning points, what something can&#39;t do is often more meaningful.There&#39;s a Wall Street saying that there&#39;s nothing more bullish than a record high. And on Thursday, the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Semiconductor ETF SOXX shot up 6.6% to a second record close in the past week, and the fourth record this month, despite concerns over valuations after a 112% run up this year.While that suggests the sector&#39;s outlook remains rosy, there are some technical readings below the surface that indicate momentum has been leaning toward the bears for the past couple months, and appears to have made the switch this past week despite the price gains.The Relative Strength Index, which oscillates between zero and 100, is a widely followed underlying technical indicator that measures the magnitude of recent gains against the magnitude of recent losses. This is momentum tracker that many use to first determine whether a charted instrument becomes overbought or oversold.When the RSI rises above 70, it is viewed as depicting an overbought condition. That means something has rallied at a much faster pace than historical norms, enough to suggest a pullback is necessary to allow bulls to catch their breath.But history also shows that &#34;overbought&#34; can be more of an ability than a condition. Something can&#39;t rally enough to become overbought without strong and broad demand.For the SOXX, there are a couple RSI developments that warn bulls are now running on fumes.First, RSI shot up to a 15-year high of 85.73 on April 24, according to FactSet data, after the SOXX rocketed 49% amid an 18-day win streak to close at record high. But since then, as the SOXX kept rising, RSI kept putting in lower highs and lower lows, which many chart watchers say defines a downtrend.That&#39;s a pattern referred to as &#34;bearish technical divergence.&#34; What it suggests is each rally is sapping more and more strength from the bulls. While it&#39;s not necessarily a good market-timing signal, as technical divergences can last for months, it warns that the likelihood of a swing to bearish momentum is growing.Despite the continued climb to new highs, the SOXX has suffered five down days over the past 11 sessions. &#34;Momentum is clearly waning,&#34; BTIG technical analyst Jonathan Krinsky wrote in a recent note to clients. &#34;If nothing else, volatility is starting to become more two-sided.&#34;<img src=\"https://community-static.tradeup.com/news/40be1c6d5e2bc3658fbd6d9042f5aa42\" data-align=\"center\" tg-width=\"700\" tg-height=\"494\"/>It might not seem like much, but the bearish technical signal that shows the tide has now turned is that RSI peaked at 66.16 on June 15 and ended the week at 64.43. So despite the SOXX closing June 15 and Thursday at record highs, RSI not only failed to reach overbought territory, it actually declined.And recent history suggests that&#39;s a bad sign.<img src=\"https://community-static.tradeup.com/news/7ef089703158fa37caa9bed34f9ea65d\" data-align=\"center\" tg-width=\"700\" tg-height=\"495\"/>There was a similar development earlier this year, where the SOXX rose to a record close of 368 on Feb. 25, up from the previous record 361.13 on Jan. 29, but RSI could only make it back to 64.20 on Feb. 25 after reaching 73.65 on Jan. 29.The SOXX sank 15.8% over the next month.<img src=\"https://community-static.tradeup.com/news/56e4cff617d35ed9527213e05b00b1a3\" data-align=\"center\" tg-width=\"700\" tg-height=\"497\"/>There was also the time in late 2021, when on Nov. 9 the SOXX matched a record close of $174.42 on the heels of a nine-session, non-loss streak - it was unchanged on Nov. 9 - and RSI peaked at 81.49.While the SOXX kept rising to a record close of 185.21 on Dec. 27, RSI kept trending lower and could only reach 62.28 that day.<img src=\"https://community-static.tradeup.com/news/b131fb596690f9784d911c2314a0ba1f\" data-align=\"center\" tg-width=\"700\" tg-height=\"496\"/>Prices turned lower the next day, and didn&#39;t bottom until the SOXX lost 46.2% to close at 99.56 on Oct. 14.Keep in mind these technical developments don&#39;t guarantee a selloff, and aren&#39;t meant to suggest how much something might fall. But BTIG&#39;s Krinsky said &#34;a near-term shakeout&#34; back to the 50-day moving average &#34;remains a high risk.&#34;The 50-DMA is a short-term trend tracker that extended to $508.14 on Thursday, according to FactSet. That&#39;s 20.5% below where the SOXX ended the week.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chip Stocks Are Setting Records, But This Hidden Chart Pattern Says Momentum Favors The Bears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChip Stocks Are Setting Records, But This Hidden Chart Pattern Says Momentum Favors The Bears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2026-06-19 22:49\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>There&#39;s a tendency to watch for what something can do, to determine its technical bias. But at potential turning points, what something can&#39;t do is often more meaningful.There&#39;s a Wall Street saying that there&#39;s nothing more bullish than a record high. And on Thursday, the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Semiconductor ETF SOXX shot up 6.6% to a second record close in the past week, and the fourth record this month, despite concerns over valuations after a 112% run up this year.While that suggests the sector&#39;s outlook remains rosy, there are some technical readings below the surface that indicate momentum has been leaning toward the bears for the past couple months, and appears to have made the switch this past week despite the price gains.The Relative Strength Index, which oscillates between zero and 100, is a widely followed underlying technical indicator that measures the magnitude of recent gains against the magnitude of recent losses. This is momentum tracker that many use to first determine whether a charted instrument becomes overbought or oversold.When the RSI rises above 70, it is viewed as depicting an overbought condition. That means something has rallied at a much faster pace than historical norms, enough to suggest a pullback is necessary to allow bulls to catch their breath.But history also shows that &#34;overbought&#34; can be more of an ability than a condition. Something can&#39;t rally enough to become overbought without strong and broad demand.For the SOXX, there are a couple RSI developments that warn bulls are now running on fumes.First, RSI shot up to a 15-year high of 85.73 on April 24, according to FactSet data, after the SOXX rocketed 49% amid an 18-day win streak to close at record high. But since then, as the SOXX kept rising, RSI kept putting in lower highs and lower lows, which many chart watchers say defines a downtrend.That&#39;s a pattern referred to as &#34;bearish technical divergence.&#34; What it suggests is each rally is sapping more and more strength from the bulls. While it&#39;s not necessarily a good market-timing signal, as technical divergences can last for months, it warns that the likelihood of a swing to bearish momentum is growing.Despite the continued climb to new highs, the SOXX has suffered five down days over the past 11 sessions. &#34;Momentum is clearly waning,&#34; BTIG technical analyst Jonathan Krinsky wrote in a recent note to clients. &#34;If nothing else, volatility is starting to become more two-sided.&#34;<img src=\"https://community-static.tradeup.com/news/40be1c6d5e2bc3658fbd6d9042f5aa42\" data-align=\"center\" tg-width=\"700\" tg-height=\"494\"/>It might not seem like much, but the bearish technical signal that shows the tide has now turned is that RSI peaked at 66.16 on June 15 and ended the week at 64.43. So despite the SOXX closing June 15 and Thursday at record highs, RSI not only failed to reach overbought territory, it actually declined.And recent history suggests that&#39;s a bad sign.<img src=\"https://community-static.tradeup.com/news/7ef089703158fa37caa9bed34f9ea65d\" data-align=\"center\" tg-width=\"700\" tg-height=\"495\"/>There was a similar development earlier this year, where the SOXX rose to a record close of 368 on Feb. 25, up from the previous record 361.13 on Jan. 29, but RSI could only make it back to 64.20 on Feb. 25 after reaching 73.65 on Jan. 29.The SOXX sank 15.8% over the next month.<img src=\"https://community-static.tradeup.com/news/56e4cff617d35ed9527213e05b00b1a3\" data-align=\"center\" tg-width=\"700\" tg-height=\"497\"/>There was also the time in late 2021, when on Nov. 9 the SOXX matched a record close of $174.42 on the heels of a nine-session, non-loss streak - it was unchanged on Nov. 9 - and RSI peaked at 81.49.While the SOXX kept rising to a record close of 185.21 on Dec. 27, RSI kept trending lower and could only reach 62.28 that day.<img src=\"https://community-static.tradeup.com/news/b131fb596690f9784d911c2314a0ba1f\" data-align=\"center\" tg-width=\"700\" tg-height=\"496\"/>Prices turned lower the next day, and didn&#39;t bottom until the SOXX lost 46.2% to close at 99.56 on Oct. 14.Keep in mind these technical developments don&#39;t guarantee a selloff, and aren&#39;t meant to suggest how much something might fall. But BTIG&#39;s Krinsky said &#34;a near-term shakeout&#34; back to the 50-day moving average &#34;remains a high risk.&#34;The 50-DMA is a short-term trend tracker that extended to $508.14 on Thursday, according to FactSet. That&#39;s 20.5% below where the SOXX ended the week.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCHP":"微芯科技","SNXX":"Tradr 2X Long SNDK Daily ETF","SMTC":"先科电子","AMUU":"2倍做多AMD ETF-Direxion","NVTX":"2倍做多NVTS ETF-Tradr","AMYY":"GraniteShares YieldBOOST AMD ETF","WOLF":"Wolfspeed Inc.","SNPX":"2倍做多SNPS ETF-Tradr","AMBQ":"Ambiq Micro","QCOM":"高通","NVYY":"GraniteShares YieldBOOST NVDA ETF","CRDU":"Tradr 2X Long CRDO Daily ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","INTC":"英特尔","HIMX":"奇景光电","SNPS":"新思科技","WDC":"西部数据","GFS":"GLOBALFOUNDRIES Inc.","NVDA":"英伟达","SNDK":"闪迪","MUU":"2倍做多MU ETF-Direxion","AVGO":"博通","07388":"XI二南英伟","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","INTW":"2倍做多INTC ETF-GraniteShares","AVGG":"2倍做多AVGO ETF-Leverage Shares","SOXL":"三倍做多半导体ETF-Direxion Daily","SWKS":"思佳讯","LINT":"Direxion Daily INTC Bull 2X ETF","AVGU":"2倍做多AVGO ETF-GraniteShares","LRCU":"2倍做多LRCX ETF-Tradr","ASMG":"2倍做多ASML ETF- Leverage Shares","STSM":"Defiance Daily Target 2X Short TSM ETF","NVTS":"纳微半导体","AVGW":"Roundhill AVGO WeeklyPay ETF","SOXS":"三倍做空半导体ETF-Direxion Daily","WDCX":"Tradr 2X Long WDC Daily ETF","MVLL":"2倍做多MRVL ETF-GraniteShares","AMDD":"1倍做空AMD ETF-Direxion","AVGX":"2倍做多AVGO ETF-Defiance","STM":"意法半导体","ANV":"GraniteShares Autocallable NVDA ETF","ASMU":"Direxion Daily ASML Bull 2X ETF","SOX":"费城半导体指数","KLAG":"Leverage Shares 2X Long KLAC Daily ETF","SOXX":"iShares费城交易所半导体ETF","AMDG":"2倍做多AMD ETF- Leverage Shares","QCMD":"1倍做空QCOM ETF-Direxion","AMDL":"2倍做多AMD ETF-GraniteShares","Q":"Qnity Electronics Inc","QCML":"2倍做多QCOM ETF-GraniteShares","TXN":"德州仪器","QCMU":"2倍做多QCOM ETF-Direxion","NXPI":"恩智浦","AVL":"2倍做多AVGO ETF-Direxion","AMDU":"Defiance Leveraged Long + Income AMD ETF","UMC":"联电","UCTT":"超科林半导体","TSM":"台积电","AMDW":"Roundhill AMD WeeklyPay ETF","MRVL":"迈威尔科技","AMDY":"AMD期权收益策略ETF-YieldMax","07788":"南方两倍做多英伟达","SMYY":"GraniteShares YieldBOOST SMCI ETF","ARM":"ARM Holdings","CRDO":"Credo Technology Group Holding Ltd","AMD":"美国超微公司","BK4585":"ETF&股票定投概念","SMCC":"2倍做多SMCI ETF-Corgi","DAMD":"2倍做空AMD ETF-Defiance","NVD":"2倍做空NVDA ETF-GraniteShares","SMCL":"2倍做多SMCI ETF-Graniteshares","NVDB":"ProShares Ultra NVDA ETF","ASML":"阿斯麦","NVDD":"1倍做空NVDA ETF-Direxion","NVDG":"2倍做多NVDA ETF- Leverage Shares","BK4588":"碎股","SMCI":"超微电脑","NVDL":"2倍做多NVDA ETF-GraniteShares","AMAT":"应用材料","SNDU":"T-Rex 2X Long SNDK Daily Target ETF","SMCX":"2倍做多SMCI ETF-Defiance","NVDQ":"2倍做空NVDA ETF-T-Rex","MRVU":"Direxion Daily MRVL Bull 2X ETF","ALAB":"Astera Labs, Inc.","QRVO":"Qorvo, Inc.","LSCC":"莱迪思半导体","AVS":"1倍做空AVGO ETF-Direxion","SMCY":"SMCI期权收益策略ETF-YieldMax","AMBA":"安霸","NVDS":"1.5倍做空NVDA ETF-Tradr","TSMG":"2倍做多TSM ETF- Leverage Shares","SMCZ":"2倍做空SMCI ETF-Defiance","LABX":"Tradr 2X Long ALAB Daily ETF","NVDU":"2倍做多NVDA ETF-Direxion","ARMG":"2倍做多ARM ETF- Leverage Shares","MUD":"1倍做空MU ETF-Direxion","NVDW":"NVDA周配息ETF-Roundhill","TSMU":"2倍做多TSM ETF-GraniteShares","MULL":"2倍做多MU ETF-GraniteShares","NVDX":"2倍做多NVDA ETF-T-Rex","TSMX":"2倍做多TSM ETF-Direxion","ARMW":"Roundhill ARM WeeklyPay ETF","ADI":"亚德诺","NVDY":"NVDA期权收益策略ETF-YieldMax","TSMY":"TSM期权收益策略ETF-YieldMax","STX":"希捷科技","SMH":"半导体指数ETF-HOLDRs","ARMU":"2倍做多ARM ETF-T-REX","NVII":"Rex NVDA Growth & Income ETF","TSMZ":"1倍做空TSM ETF-Direxion","ON":"安森美半导体","LRCX":"拉姆研究","MU":"美光科技","KLAC":"科磊","PXLW":"美国像素"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2644052079","content_text":"There's a tendency to watch for what something can do, to determine its technical bias. But at potential turning points, what something can't do is often more meaningful.There's a Wall Street saying that there's nothing more bullish than a record high. And on Thursday, the iShares Semiconductor ETF SOXX shot up 6.6% to a second record close in the past week, and the fourth record this month, despite concerns over valuations after a 112% run up this year.While that suggests the sector's outlook remains rosy, there are some technical readings below the surface that indicate momentum has been leaning toward the bears for the past couple months, and appears to have made the switch this past week despite the price gains.The Relative Strength Index, which oscillates between zero and 100, is a widely followed underlying technical indicator that measures the magnitude of recent gains against the magnitude of recent losses. This is momentum tracker that many use to first determine whether a charted instrument becomes overbought or oversold.When the RSI rises above 70, it is viewed as depicting an overbought condition. That means something has rallied at a much faster pace than historical norms, enough to suggest a pullback is necessary to allow bulls to catch their breath.But history also shows that \"overbought\" can be more of an ability than a condition. Something can't rally enough to become overbought without strong and broad demand.For the SOXX, there are a couple RSI developments that warn bulls are now running on fumes.First, RSI shot up to a 15-year high of 85.73 on April 24, according to FactSet data, after the SOXX rocketed 49% amid an 18-day win streak to close at record high. But since then, as the SOXX kept rising, RSI kept putting in lower highs and lower lows, which many chart watchers say defines a downtrend.That's a pattern referred to as \"bearish technical divergence.\" What it suggests is each rally is sapping more and more strength from the bulls. While it's not necessarily a good market-timing signal, as technical divergences can last for months, it warns that the likelihood of a swing to bearish momentum is growing.Despite the continued climb to new highs, the SOXX has suffered five down days over the past 11 sessions. \"Momentum is clearly waning,\" BTIG technical analyst Jonathan Krinsky wrote in a recent note to clients. \"If nothing else, volatility is starting to become more two-sided.\"It might not seem like much, but the bearish technical signal that shows the tide has now turned is that RSI peaked at 66.16 on June 15 and ended the week at 64.43. So despite the SOXX closing June 15 and Thursday at record highs, RSI not only failed to reach overbought territory, it actually declined.And recent history suggests that's a bad sign.There was a similar development earlier this year, where the SOXX rose to a record close of 368 on Feb. 25, up from the previous record 361.13 on Jan. 29, but RSI could only make it back to 64.20 on Feb. 25 after reaching 73.65 on Jan. 29.The SOXX sank 15.8% over the next month.There was also the time in late 2021, when on Nov. 9 the SOXX matched a record close of $174.42 on the heels of a nine-session, non-loss streak - it was unchanged on Nov. 9 - and RSI peaked at 81.49.While the SOXX kept rising to a record close of 185.21 on Dec. 27, RSI kept trending lower and could only reach 62.28 that day.Prices turned lower the next day, and didn't bottom until the SOXX lost 46.2% to close at 99.56 on Oct. 14.Keep in mind these technical developments don't guarantee a selloff, and aren't meant to suggest how much something might fall. But BTIG's Krinsky said \"a near-term shakeout\" back to the 50-day moving average \"remains a high risk.\"The 50-DMA is a short-term trend tracker that extended to $508.14 on Thursday, according to FactSet. 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