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

• Storage — Seagate −9.2%, Western Digital −6.9% on a record day for the S&P 500 and the NasdaqMorning 10 · 7 Oct 2026The equal-weight chip fund XSD gained 1.1%, while SMH (−0.2%) and SOXX (flat) did not move.
• AI Hardware — Not One TradeDaily Pulse · 6 Oct 2026SOXX is 10.0% below, in the lower half of its rising channel.
• Nasdaq — record close at 27,477 while the chip funds sit 5–15% below their June peaksMorning 10 · 6 Oct 2026SMH, where Nvidia and TSMC weigh most, is 5.2% below its June high of 668.91; the fabless fund SMHX 6.3%; SOXX 10.0%; the equal-weight XSD, where every chip maker counts the same, 15.0% below its 3 June high of 649.73.
• S&P 500 — record high as Marvell jumps 7.6% on its investor day; chip-machine makers slideMidday 10 · 6 Oct 2026Software joins in: software fund IGV +1.7%, ahead of the chip funds SMH +0.5% and SOXX +0.8%; Palo Alto +3.5%, CrowdStrike +3.2%, Microsoft +1.5% to a record $532.89
• Brazil — stocks jump 13% after Bolsonaro leads round one; US 10-year hits 5.35%, stocks rise anywayMidday 10 · 5 Oct 2026This morning's Pulse in New York: TSMC's US shares +2.7% to $485.44, but chip funds flat to lower (SOXX −0.16%, XSD −0.53%), KLA −1.08%, Applied −0.57%, ASML −0.31%
• Storage — Western Digital Sold the Day Before a 10% Drop, SanDisk DoubledDaily Pulse · 3 Oct 2026The week those books sat through: the chip fund SOXX rose 2.8 percent and the Nasdaq 100 0.7 percent, while the equal-weight S&P fell 0.7 percent and small caps 0.2 percent.
• Jobs-day rally fades — weak payrolls lift stocks at the open, then yields turn up and the Dow goes flatMidday 10 · 2 Oct 2026Chips lead: chip funds SOXX +2.4% and SMH +2.00%, AMD +2.83%, Broadcom +2.32%, Nvidia +1.52%; optics Coherent +4.02%, Lumentum +3.16%; Oracle +2.38%; software fund IGV flat (+0.14%)
• AI comeback — Accenture +18%, Synopsys +8%, optics +9% while all three US indices slipMidday 10 · 1 Oct 2026