
SEMICONDUCTORS, THE LIFEBLOOD OF THE MODERN ECONOMY, BREAKOUT AGAIN ON AI EXCITEMENT
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Semiconductors Please click here for a chart of semiconductor ETF SMH. Note the following: Semiconductors are the lifeblood of the modern economy, just like oil is the lifeblood of the old economy. The chart shows that semiconductors have broken out again. The price pattern shown on the chart is a positive one. In traditional technical analysis, this price pattern indicates semiconductors will go higher. RSI on the chart shows that semiconductors are now overbought. This indicates that there may be a shallow pullback in