NDX Nasdaq 100 and SOX Semiconductors Daily Charts; NDX, COMPQ, SOX, SMH and XSD at All-Time Record Highs; Chips Print Shooting Star

The NDX, Nasdaq 100, the tech and biotech blue chips, prints a new all-time record high at 9846.63 and new all-time closing high at 9824.39. The FAANG (FB, AAPL, AMZN, NFLX, GOOGL) stocks pump the Nazzy indexes to the all-time highs. All the FAANG's print new all-time highs over the last month or two except Alphabet (Google). The big jump in biotech stocks, as the world fight's the coronavirus that was unleashed by China, also send the indexes to record highs.

Chips are also on fire with the SOX, SMH and XSD at all-time record highs. The SOX prints above 2030. Wowza. Give that trader another drink as he buys semiconductors with reckless abandon. The three chip tickers all print shooting star candlestick patterns (purple circle). This typically signals a trend change which would mean lower. The bears would need to see confirmation to the downside today. If price bumps a little higher today, it likely indicates that prices will keep trending choppy along these all-time highs from February and now.

The COMPQ, Nasdaq Composite, the index most reflecting the tech sector, prints a new all-time record high at 9845.69 and new all-time closing high at 9814.08. Interestingly, XLK, the tech sector ETF, is not yet at an all-time high. XLK is at 101-102 so watch to see if it overtakes its all-time high at 102.13 and all-time closing high at 101.96 both from Valentine's Day, 2/14/20. On Friday, XLK was only 43 pennies away from the all-time record high and only 51 cents from the all-time closing high. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Wednesday Morning, 6/10/20, at 7:21 AM EST: The COMPQ and NDX print new all-time highs this week. XLK finally prints a new all-time high. The SOX, XSD and SMH have not taken out the Friday highs. AAPL and AMZN print new record highs with FB only a whisker away. Traders and investors ran back into the tech sector this week pumping stocks higher into the Federal Reserve circus today.