The Early 2023 Stock Market

The Van X semiconductor ETF SMH seems like it's getting a little bit stuck below that 50-day moving average line. Even areas where there just seem to be broad sector strength you can find here and there or things setting up within sectors too. If chips are working that's a really good sign for the tech for broad market and everything has chips in it so if chips are doing well that's a very good sign forthe market.