Chip Stocks Just Hit A Record Overbought Level: History Shows The Aftermath Is Rough - VanEck Semiconduct

BofA technical strategist Paul Ciana flagged an all-time-high weekly RSI on the VanEck Semiconductor ETF this week. Seven prior signals since 1995 averaged a 44% drawdown that took roughly 73 weeks to bottom.

Raccontata dabenzinga.com