Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group as the “Transports of the 21st century,” making the price action for semis important to monitor."
I agree and will be monitoring the SMH/SPY
I agree and will be monitoring the SMH/SPY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.