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Chart of the day:
$SOX semiconductors appear to be showing some indecision near the 50-day moving average, which sits just above key horizontal support at 12,000.
Momentum has begun to soften, with the MACD trending lower and approaching the zero line - a level often associated with shifts in the prevailing momentum regime.
While momentum is undergoing a reset, the broader uptrend remains intact.
A meaningful change in trend character would require a decisive break below 12,000. One way to define that would be two consecutive weekly closes beneath support, which would establish a lower low and potentially signal the start of a deeper corrective phase.
Until that occurs, the primary trend remains higher and the bulls retain control.
*Not a recommendation
@SchwabTrading@SchwabNetwork
“Most investors want to do something everyday in the market, that’s why they lose money.”
“Over last 30 years, equities have returned over 18-19% CAGR.”
“Isn’t it a paradox that equity as an investment class has done exceedingly well, but investors have lost money?.”
“If you’re a long term investor, these speculators will give you the opportunities.”
- Parag Parikh
Interesting to see how concentrated the market has become.
The biggest companies today are incredible businesses, but when a handful of stocks drive the majority of returns, does diversification actually mean what it used to?
Makes me think about ETFs too. Are broad index funds still the best long-term approach, or could this concentration become a bigger risk in the future?
🚨 MARKET STRUCTURE BREAKOUT CONFIRMED
✅ STRUCTURE BREAKOUT – Price has cleared key levels, signaling a potential shift in momentum.
✅ BOS (BREAK OF STRUCTURE) – Confirmed break of prior highs/lows, validating the new directional bias.
✅ OB AREA (ORDER BLOCK) – Watch for price retests into the order block; this zone often acts as strong support/resistance before the next leg.
✍️Stay sharp, manage risk, and let the structure guide your trades.