CRITICAL FOUR HOURS AHEAD, KOREA AND IRAN DRIVE SELLING IN U.S. STOCKS
By Nigam Arora
To gain an edge, this is what you need to know today.
Important Data Ahead
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 on Friday, SOXL managed to rally and close at the top band of zone 2 (support).
- The chart shows that in the early trade today, SOXL has fallen back into the middle of zone 2. The move was driven by price action in the South Korean stock market.
July 13, 2026