Semiconductors
The semiconductor sector has always been a major sector within the overall technology space. It has also been one that has delivered consistent strong returns. The XSD is up +42% over 1 year which is most of 2021.
The XSD is made of about 40 stocks at any time and, as you would expect, includes all the well-known names in the space. The chart has just turned bullish per my model.
The 10-day moving average just crossed above the 20-day moving average yesterday. The returns for XSD
1-month +2.1%
3-months +22.8%
1-year +42.38%
2-years +128.57%
So, quite stellar returns through all periods.
I favor working with the SOXL which is the 3x leverage of the semiconductor space by Direxion. Here is chart for SOXL.
We can see that my model trend is a little more defined even though the chart pattern is mostly the same.
Returns for SOXL are
1-month +5.16%
3-months +69.86%
1-year +118.69%
2-years +271.21%
I am currently long SOXL and will hold until the trend reverses.