May 19, 2026

By Nigam Arora

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

Semi Mania Takes A Breather

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

Note the following:

• The chart shows the largest red candle yesterday since the semi mania started that led to a 366% gain to the peak from March 30.
• The chart shows that in the early trade today semiconductors continue to sell off.
• RSI on the chart shows semiconductors have lost internal momentum, but RSI is at a point where the semi mania can easily reignite.
• The big red candle shown on the chart was triggered by the following:
  • An ex-Samsung executive in South Korea said China was ramping up memory production.