iShares Semiconductor ETF
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Semiconductors look poised to move toward new highs

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On today's trade optimism and extremely positive jobs data, the SOXX semiconductor fund moved up through a trend line and looks to be ending its day right atop a volume support node. This should bode well next week, although with the SPY at a resistance level, we will need the news to stay good over the weekend in order to move higher Monday.

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