Market Rhythm Focus

Technical analysis of the Philadelphia Semiconductors, NYSE Composite, and TOPIX indices shows successful breakouts and intact uptrends. Despite some overextended signals in tech, breadth and momentum remain supportive of further upside.

Key Takeaways

• 1.The Philadelphia Semiconductors (SOX) index remains in an intact uptrend following a 5-session consolidation resolution to the upside, though it is currently 40%+ above its 200dma.
• 2.The NYSE Composite has successfully broken out from its recent tight range and is approaching February all-time highs.
• 3.The TOPIX has finally cleared its horizontal resistance cap at approximately 3,940, signaling potential for further upside after a three-month correction.

Table of Contents

• Philadelphia Semiconductors
• NYSE Composite
• TOPIX
• Disclaimer (1)
• Disclaimer (2)

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