The Philadelphia Semiconductor Index has done something it has never done before — logged 17 consecutive green trading sessions, surpassing the previous record of 15 set back in 2014.
Over that stretch, the SOX has surged roughly 42%, putting it on track for its largest monthly gain since the dot-com boom of February 2000.
- SOXL is hitting all-time highs. See the chart and price action here.
The Semiconductor ETFs
The ETFs riding the wave are seeing historic numbers of their own.
The iShares Semiconductor ETF (NASDAQ:SOXX) has posted a gain of more than 30% in April — its best month in the fund’s 25-year history.
The VanEck Semiconductor ETF (SMH) is up over 25%, its strongest monthly return since November 2003.
For traders using Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL) and Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS), the volatility has been extreme in …
This post was originally published here
