Semiconductors Leading The Charge

The semiconductor group has been very influential during the recent rally.  In fact, the SOX has been outperforming the S&P 500 since late in 2008.  A key relative resistance area has been approached, however.  Whether the market can sustain a move higher could hinge significantly on how semiconductors continue to perform on a relative basis.

SOX vs. S&P 500 6.9.09


-Tom Bowley

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