SOXX +4.5%, AMD +8.3%. On Monday, money flooded into semiconductors, energy is bleeding out.

SPY +1.6%, Q +2.7%, VIX dropped to 16.3. Risk-on, chips are attracting all the money.
Last Friday, SOXX +5.26%, I wrote that the semiconductor rally didn't spill over into the crypto market, but today SOXX is up another +4.5%—the chip story is still accelerating.
AMD's big bullish candle at $554, just $4 below the 52-week high of $558.
On the eve of a new high, this isn't a rebound.
AMD weekly, daily, 4H charts all bullish, today breaking out with volume.
Longs wait for a pullback to $520-$530 to establish positions.
If $558 can't be broken after three attempts, don't force it.
Target $580, stop-loss $498.
XOM -5.1% hit $139.5, 4H chart fully broken down.
Energy is being abandoned by funds, oil prices under pressure, sector rotation killing both.
Shorts watch for a rebound to $142-$145 to enter, target $132, stop-loss $148.
Money is flowing from old energy into new computing power.
The direction is very clear.