Business

Chip Stocks and Market Sentiment

Updated 2026-06-19 14:05 UTC 1 source Negative

Despite record highs in chip stocks, a hidden chart pattern suggests that momentum may favor the bears. The SOXX’s RSI indicator has fallen further below the overbought threshold, indicating potential market corrections.

Coverage timeline — 1 article

MarketWatch

Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.

2026-06-19 13:56 UTC