$PHLX Semiconductor Index (.SOX.US)$ it does not take a rock...

there's multiple reasons for this there's sanctions imposed on many US companies for sales to China, there's this looming bobblehead agenda that's repeated at nauseam that deals with the return on capex will never be realized. there's the still looming bubble argument within the AI stocks many of them are part of this basket because that is the future of the semiconductor index. there is the automotive industry which is a huge drag as many of these companies have sectors within the automotive industry they sell to and it's been nothing but a disappointment and that is creating the Gap Downs when it comes time for earnings just look at ASM lithography and there's many other similar companies that have automotive divisions within their portfolio they sell to and it's been a huge disappointment. we have a broader Market rally and these stocks are being used as a source of funds the piggy bank if you will selling these companies and buying everything else. we have a trump trade in a place where Bitcoin Tesla and every other Trump related stock are skyrocketing.

this will all come to a headway next Wednesday just after the close.

we will see a significant breakdown retesting the lows that you see on the chart or we will begin a breakout.

based off of what Jensen has to say and what the results are will determine the near-term Fate.

the other looming problem is Trump will potentially limit further sales to China Russia and many European companies that do business with China and Russia that are funneling the state of the art AI chips.

so there's many headwinds not too many tailwinds at this time