We have beed discussing the semiconductors on and off since they were breaking out of their multi year consolidation back in April of 2019.
The Semiconductors have been leading the market higher for the past 7 years
But on a day where stocks here down 1.79 %
and the semiconductors were down over 2%
A potential new leader may be emerging.
Biotech closed higher on the day.
And are closing in on their all-time highs.
And once they break above their multiyear consolidation I believe that they will challenge the semiconductors for leadership.
Cycle Trading 
Leave a comment