Chart of the Day - Monday, September 13th, 2021

Today’s Chart of the Day was shared by Shane Murphy (@MurphyCharts). It's a daily candlestick chart of the Semiconductor ETF, $SMH, year-to-date. The top weighted stocks in this ETF include, Taiwan Semiconductor ($TSM), NVIDIA, ($NVDA), ASML Holdings ($ASML), Analog Devices ($ADI), and Advanced Micro Devices ($AMD). While the broader market has pulled back slightly over the past week, Semiconductor stocks continue to shine. As you might know, Semiconductors are the chips found in virtually every electronic device. Due to their widespread use, Semiconductors often act as a leading indicator for both the Technology sector and the broader market. The fact that we're continuing to see this group print all-time highs in an otherwise dull tape is an encouraging sign for the bulls. Remember, you can't have a party without the chips!