As NVDIA and Broadcom expand their domination in Semiconductor sector the Market Cap weighted Index is making an ATH against equal weighted index.
Can S&P 500 have a bullish run with semis not participating in it ? Bullish head and shoulders on SMH vs SPY. Semis are the new Transports.
Can markets rally without Semis participating in the rally ? It is clearly forming a bullish wedge on the daily. #SEMI are the new Transports.
ASML in a bullish channel after consolidating for more than an year.
Double bottom forming on SPY vs Nifty 50 on a weekly chart. Probable outperformance by Nfty 50 in a short to medium term basis.