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After dinner, take a quick look
SOXX +1.6%, NVDA only +1.3%
Semiconductors surged hard on Monday—NVDA wasn’t leading the pack
VIX dropped to 18.2, and the market isn’t even scared
For the past one and a half years, it’s always been NVDA that moved first, and semiconductors followed
Today SOXX is outperforming NVDA by double
If this setup starts to loosen, money will spread outward from the lead names
NVDA is no longer the only engine for semiconductors
This is the first time I’ve seen it this year
Confirm tomorrow—once confirmed, I’ll go in