July 9, 2026

By Nigam Arora

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

Buying In Semis

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

Note the following:

• Semiconductors are the leading sector that has been driving the stock market higher.  SOXL is the momo crowd’s favorite semiconductor ETF.
• The chart shows that the selloff in SOXL yesterday stopped at the low band of zone 2 (support).
• The chart shows that this morning there is aggressive buying in semiconductors, and SOXL is now above the upper band of zone 2.
• Buying in semiconductors is lifting the overall stock market in spite of the second wave of U.S.