iShares Semiconductor ETF (SOXX) — Technical state

Long reads

• Bitcoin — New Life for the Coins and the StocksWeekly Signal · 20 Sept 2026
• Cybersecurity — Sold on Price, Bought on FlowWeekly Signal · 13 Sept 2026
• Two and a half months of lower highs, then a second low that held above the first — and on Friday the oscillator turned.Chart Pick · 4 Sept 2026Across the funds, SOXX is up about 3%, SMH and the equal-weight XSD about 2.5%, this fund about 2%.
• Gold and Bitcoin — The Hedges Bear No InterestWeekly Signal · 2 Aug 2026
• AI Capex — The Tell Fired TwiceWeekly Signal · 26 Jul 2026The lines said: SOXX above 530–532 Friday overturns distribution, below 522.24 extends it.
• AI Trade — The Rotation Is Inevitable. The Date Is Not.Strategy · 26 Jul 2026Expect SOXX to test the 530–532 band from below, possibly reclaim it, and expect the tape to read as if the rotation were cancelled.
• Sector Rotation — Three Rotations, One WeekWeekly Signal · 19 Jul 2026Last Sunday's signal said the market had priced the good outcome before seeing a single print, with SOXX the referee between 554 and 590.
• Earnings Season — The Bar Meets Its First PrintsWeekly Signal · 12 Jul 2026This chart is the tape-side referee: SOXX at 581, sandwiched between the 554 floor it reclaimed and the 590 shelf it hasn't.

101 and glossary

• Functional IndexGlossaryReveals structural dynamics that cap-weighted ETFs (SMH, SOXX) miss.
• Why Functional Indices Beat Cap-Weighted Semiconductor ETFs101Cap-weighted semiconductor ETFs like SMH and SOXX are not supply chain tools — they are NVIDIA proxies.
• Why Semiconductor ETFs Miss the Real Story101The most popular semiconductor ETFs — VanEck SMH and iShares SOXX — are marketed as broad semiconductor exposure.

Dailies

• Rates — the 30-year hits its highest since 2004; Oracle and Arm sold, Meta and Intel bought, Nasdaq ends flatMorning 10 · 25 Sept 2026Chips split, software sold: SOXX $566.07 (+0.06%); SanDisk $1,753.62 (-3.47%), memory fund DRAM -1.91%, Broadcom -1.30%, Nvidia -0.41%; Micron $1,080.53 (+0.81%); IGV -0.88%, Microsoft -0.53%, cyber fund CIBR -0.79% after its record
• AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45%Midday 10 · 24 Sept 2026Stocks are lower across the board - Nasdaq down 0.74%, the chip fund SOXX 1.72% - but broad credit spreads are still near their tightest in three years.
• Rates — the 10-year closes at 5.11% and the 5-year hits 5%; Tokyo reopens higher, chip-equipment makers leadMorning 10 · 24 Sept 2026Chips sold as duration, software held: SOXX -1.23%, memory basket -2.70%, SanDisk $1,816.57 (-3.73%), Micron -2.22%, Broadcom -2.62%; against IGV +1.26%, ServiceNow +2.76%, Salesforce +1.84%, and the cyber fund CIBR a record close at…
• AI Pricing — Fable-Level Power at 60% Less, Weeks Before Anthropic's $2 Trillion IPODaily Pulse · 23 Sept 2026Name Ticker Tuesday Column SanDisk SNDK +6.82% capacity Micron MU +5.00% capacity Memory basket DRAM +3.31% capacity Arm ARM +3.19% capacity Semiconductors SOXX +2.40% capacity Adobe ADBE -4.52% fees Wells Fargo WFC -3.92% fees Intuit…
• Nasdaq - a second record close as memory jumps 5-7% and banks, card networks and software are soldMorning 10 · 23 Sept 2026Memory led again: SanDisk rose 6.82% to $1,887.04 and Micron 5.00% to $1,096.16, and the semiconductor fund SOXX added 2.40%.
• Yields — the 10-year is back above 5% on a hot PMI and a hawkish Fed; chips fall, software is boughtMidday 10 · 23 Sept 2026The Nasdaq is down 0.81% after two record closes, SOXX 1.40% and the memory basket 1.93%, while IGV is up 1.30% and the cyber fund at a new high.
• Nasdaq - a record close in the worst month of a midterm year, right after the bulls gave upMorning 10 · 22 Sept 2026The day SOXX and SMH join CIBR and CLOU at their highs is the day this stops being a rotation and becomes a broad-based advance.
• Nasdaq — a record print at 27,272, chips extend, software sold from its highs; AMD joins the trillion clubMidday 10 · 22 Sept 2026The chips extend: SOXX +1.15%, SMH +0.82%, the memory basket +1.78%, with SanDisk +5.2% to $1,861.97 and Micron +3.4% to $1,077.26 leading after two red days for the former.