Today’s Chart of the Day was shared on Twitter by Dan Russo of Chaikin Analytics (@DanRusso_CMT). It's a daily bar chart of the Semiconductor ETF, $SMH, over the past year. The ETF closed at an all-time high yet again today. It has been outperforming the broader market almost all year, and it's currently up 61.53%, year-to-date. Semiconductors are the chips that are used in virtually every electronic device. The fact that these stocks are trading at all-time highs and outperforming the broader market certainly favors the bull case for stocks. Dan explains, "If semis are leading, it's hard to get bearish."
Chart of the Day - Monday, December 16th, 2019
December 16, 2019
