July 21, 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 after breaking below the low band of zone 2 (resistance), semiconductors are rising again and approaching the low band of zone 2 again.
• The pattern shown on the chart has two implications:
  • It is a short term bottoming pattern confirmed by heavier volume shown on the chart.