[pcabc]

Semiconductors

The semiconductor sector has popped up repeatedly over the last year.  My breadth chart is based on a sample of stocks in this area.
 
   

Points to note:
  1. The index has continued to rise from the crash of last year, the rate of increase has slowed
  since the beginning of 2021, but is still rising.

  2. The advance/decline line topped out January / February time, has touched that high again in
  early June but currently is falling slightly whilst the index is still rising.  The advancing/declining
  volume has been on a steady rise and does not have this divergence.

  3.  There is a small number, compared to end of 2020/beginning of 2021 of new highs minus new
  lows.  It does not appear to have gone negative at all (at least from eyeballing the chart).

  4.  The Weinstein Momentum is above its zero, but is in a long term decline.

  5a. The McClellan Oscillator and Summation Index are around zero.

  5b.  Same observation for the volume version of these indicators.

  6. The % stocks above the 50 day EMA is around 50%.  The % stocks above the 200 day EMA is
  just over 70%, but since the beginning of the year the % stocks over their 200% EMA has been declining.