{"id":21900,"date":"2023-09-25T07:20:55","date_gmt":"2023-09-25T07:20:55","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/2-charts-that-show-semiconductor-stocks-are-poised-to-drop\/"},"modified":"2023-09-25T07:20:56","modified_gmt":"2023-09-25T07:20:56","slug":"2-charts-that-show-semiconductor-stocks-are-poised-to-drop","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21900","title":{"rendered":"2 Charts That Show Semiconductor Stocks Are Poised to Drop"},"content":{"rendered":"
\n
\n

<\/p>\n

\n
<\/div>
\n

The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market.<\/h4>\n


\n Nathan Laine\/Bloomberg
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

The S&P Semiconductors Select Industry Index is rolling over\u2014and that\u2019s bad news for the broader stock market. <\/p>\n

The index has topped both price-wise and on a relative basis. And now it has broken the uptrend from its October low. <\/p>\n

\n

S&P Semiconductors is an equal-weighted index. Unlike the broad stock market indexes, its relative strength has recovered just half of the decline from its 2000 top. Because the index is often a leading indicator for the stock market, its inability to breach resistance indicates that the broad stock indexes will be pulling back in the coming weeks. <\/p>\n

Below is a weekly chart of the Semiconductors Index. Notice the bearish reversals (marked by red arrows) that formed when the advances peaked. Each reversal occurred just as the Index was testing and piercing its 11-week moving average, most recently in early August, when the index was repelled as it attempted to rally back above that barrier. The uptrend from the previous October low would go on to be severed decisively.<\/p>\n

\n

<\/p>\n

\n
\n \"\"\n <\/div>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

The chart below illustrates the weakening relative strength of the group. Against the
\n S&P 500 Equal Weight Index,<\/span>
\n the semiconductors have formed a rounding top at a 23-year resistance. And while many indexes exceeded their 2000 peaks by healthy margins, the semiconductors\u2019 relative strength recovered just half of its decline from its 2000 peak. <\/p>\n

\n

<\/p>\n

\n
\n \"\"\n <\/div>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

I continue to advise clients to sell and take profits in semiconductor stocks and, indeed, most of their technology holdings.\u00a0<\/p>\n

Andrew Addison is the author of\u00a0The Institutional View, a research service that focuses on technical analysis.<\/em>\u00a0<\/p>\n

Write to editors@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors Select Industry Index is rolling over\u2014and that\u2019s bad news for the broader stock market. The index has topped both price-wise and on a relative basis. And now it has broken the uptrend from its October<\/p>\n","protected":false},"author":1,"featured_media":21901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-21900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\n2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=21900\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=21900\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T07:20:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-25T07:20:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695626456_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=21900#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21900\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"2 Charts That Show Semiconductor Stocks Are Poised to Drop\",\"datePublished\":\"2023-09-25T07:20:55+00:00\",\"dateModified\":\"2023-09-25T07:20:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21900\"},\"wordCount\":301,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/microloannexus.com\/?p=21900#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/microloannexus.com\/?p=21900\",\"url\":\"https:\/\/microloannexus.com\/?p=21900\",\"name\":\"2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/#website\"},\"datePublished\":\"2023-09-25T07:20:55+00:00\",\"dateModified\":\"2023-09-25T07:20:56+00:00\",\"description\":\"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors\",\"breadcrumb\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21900#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/microloannexus.com\/?p=21900\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/microloannexus.com\/?p=21900#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/microloannexus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2 Charts That Show Semiconductor Stocks Are Poised to Drop\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/microloannexus.com\/#website\",\"url\":\"https:\/\/microloannexus.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/microloannexus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/microloannexus.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/microloannexus.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/microloannexus.com\"],\"url\":\"https:\/\/microloannexus.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus","description":"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/microloannexus.com\/?p=21900","og_locale":"en_US","og_type":"article","og_title":"2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus","og_description":"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors","og_url":"https:\/\/microloannexus.com\/?p=21900","og_site_name":"Micro Loan Nexus","article_published_time":"2023-09-25T07:20:55+00:00","article_modified_time":"2023-09-25T07:20:56+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695626456_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/microloannexus.com\/?p=21900#article","isPartOf":{"@id":"https:\/\/microloannexus.com\/?p=21900"},"author":{"name":"News Room","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a"},"headline":"2 Charts That Show Semiconductor Stocks Are Poised to Drop","datePublished":"2023-09-25T07:20:55+00:00","dateModified":"2023-09-25T07:20:56+00:00","mainEntityOfPage":{"@id":"https:\/\/microloannexus.com\/?p=21900"},"wordCount":301,"commentCount":0,"publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/microloannexus.com\/?p=21900#respond"]}]},{"@type":"WebPage","@id":"https:\/\/microloannexus.com\/?p=21900","url":"https:\/\/microloannexus.com\/?p=21900","name":"2 Charts That Show Semiconductor Stocks Are Poised to Drop | Micro Loan Nexus","isPartOf":{"@id":"https:\/\/microloannexus.com\/#website"},"datePublished":"2023-09-25T07:20:55+00:00","dateModified":"2023-09-25T07:20:56+00:00","description":"The S&P Semiconductors Select Industry Index is often a leading indicator for the stock market. Nathan Laine\/Bloomberg The S&P Semiconductors","breadcrumb":{"@id":"https:\/\/microloannexus.com\/?p=21900#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/microloannexus.com\/?p=21900"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/microloannexus.com\/?p=21900#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/microloannexus.com\/"},{"@type":"ListItem","position":2,"name":"2 Charts That Show Semiconductor Stocks Are Poised to Drop"}]},{"@type":"WebSite","@id":"https:\/\/microloannexus.com\/#website","url":"https:\/\/microloannexus.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/microloannexus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/microloannexus.com\/#organization","name":"Solutions For Real","url":"https:\/\/microloannexus.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/microloannexus.com"],"url":"https:\/\/microloannexus.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21900"}],"version-history":[{"count":1,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21900\/revisions"}],"predecessor-version":[{"id":21902,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21900\/revisions\/21902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/media\/21901"}],"wp:attachment":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}