Semiconductor Index is adding further pressure to the overall market sentiment

  • The Philadelphia Stock Exchange Semiconductor Index (see above) broke out of its 2018 wedge and is at risk of moving lower
  • This bearish technical view is further supported by the growing US-China trade tensions with an ever stronger focus on tech
  • Trade idea: Short ISHARES PHLX SEMICONDUCTOR ETF (SOXX US Equity) with a stop above USD 180