Chip stock breakout vs the rest of tech showing signs of topping out, says Carter Worth

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Chip stock breakout vs the rest of tech showing signs of topping out, says Carter Worth

(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) The Philadelphia Stock Exchange Semiconductor Index finally has recouped all its relative losses to the …

(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) The Philadelphia Stock Exchange Semiconductor Index finally has recouped all its relative losses to the S & P 500 Information Technology Sector. It can only be one of two things from here, going forward: A "triple top," which means go underweight semis vis-à-vis any tech sector exposure...or "records are meant to be broken," which means remain overweight/get overweight semis in anticipation of a …

Original source: CNBC Top News

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