$SOXX ripping +6% off the lows after that brutal selloff. Semiconductor index showing some life.
Big question: does this bounce have legs or are we just catching a dead cat? Watch how it trades into the close. If it holds above yesterday's low and volume stays elevated, could be the start of a real reversal. If it fades back by EOD, probably just short covering.
Semis got destroyed recently so any sustained bounce here would be a positive signal for the broader AI/tech trade. Keep it on watch.
Big question: does this bounce have legs or are we just catching a dead cat? Watch how it trades into the close. If it holds above yesterday's low and volume stays elevated, could be the start of a real reversal. If it fades back by EOD, probably just short covering.
Semis got destroyed recently so any sustained bounce here would be a positive signal for the broader AI/tech trade. Keep it on watch.