April 30, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Leading Indicators

Please click here for a chart of leveraged semiconductor ETF (SOXL).

Note the following:

• Semiconductors are a tell for the entire stock market because semiconductors are the leading sector.
• The chart shows that including the early trade today, the down gap has been filled.
• The pattern on the chart shows that instead of selling on the island reversal, as is usually the case, investors bought the dip in semiconductors.
• The next test will be if semiconductors can break above the recent high shown on the chart.