Mike Larson | Editor-in-Chief
Ask the bulls and they’ll tell you the semiconductor stocks will be back on track soon. Ask the bears and they’ll tell you the big run is all over except for the crying. As for the charts? They suggest it could be “Do or Die Time.”
Take a look at the MoneyShow Chart of the Day, a daily chart of the iShares Semiconductor ETF (SOXX) going back 12 months. It includes the 50-day Exponential Moving Average in blue.
iShares Semiconductor ETF (SOXX)
Source: TradingView
Clearly, the runup in the first half of 2026 was nothing short of extraordinary. But the SOXX did top out in June, then drop sharply in July.
It rallied this week as the S&P 500 Index (^SPX) rose to a record high. But the ETF itself didn’t hit a new high. Nor did it (yet) recapture its 50-day EMA. You could also argue it MIGHT be carving out the right shoulder of a head-and-shoulders top, though we don’t know for sure yet.
Bottom line? We can’t say definitively that the run in semis is over. What we CAN say is that chips are lagging the market – and that there are potential bearish technical scenarios in play.
Keep that in mind before you get TOO excited about the recent sector bounce. Or before you dismiss the possibility of rotating into OTHER groups that look to be in better shape.
At our recent 2026 MoneyShow Masters Symposium Las Vegas, I sat down with Anas Alhajji of Energy Outlook Advisors to discuss major energy-market drivers – including tensions tied to the Middle East conflict and Bab el-Mandeb.
In the resulting MoneyShow MoneyMasters Podcast episode, Alhajji says the key risk remains the Strait of Hormuz. He explains why most proposed bypass pipelines or canals are no longer practical due to drone threats and economics. He also suggests OPEC+ could instead coordinate the buildup of large strategic inventories in consuming countries away from geographic chokepoints.
Next, he outlines bullish views on LNG, coal, and sulfur – while calling natural gas “the future.” He also corrects misconceptions about the US SPR, discusses the difference between commercial versus strategic inventories, and describes how SPR releases are actually loans – with changing incentives as prices fall.
If you’re looking for straight talk on the Middle East crisis – and what you should keep in mind if you’re trading energy assets – this is the episode for you.
Crude, Copper, Gold, & More: Learn How to Profit in Toronto!
We’ve themed our 2026 MoneyShow Masters Symposium Toronto “The Commodity Comeback” — and for good reason. Global buyers want the natural resources Canada has in abundance…and that’s opening up big profit opportunities for you!
To learn the best ways to capitalize on strength in crude oil, copper, gold, and more, get your seat at the table with leading North American market experts Sept. 24-25. Your ticket to this newly revamped event at Toronto’s MaRS Centre is waiting here…
The Nasdaq Composite Index has already cleared July highs and the 50-day simple moving average on the daily chart. That’s a high-conviction buy signal. Meanwhile, Palantir Technologies Inc. (PLTR) just exploded out of a “Weekly Squeeze” trading setup, writes Danielle Shay, editor of Five Star Trader.
👉 TICKER: SPX
The stock market took a much-needed rest on Wednesday, which is a technical positive. The last thing we need is a parabolic, blow-off move with the S&P 500 Index (^SPX) breaking out to all-time highs, suggests John Eade, president of Argus Research.
What did you think of today's newsletter?
- Great |
- Not Bad |
- Needs Work
