This group has shown high relative strength this year, and is not showing any signs of taking a break!
We are talking about the Semiconductors and how they are rising to the top when compared to the Nasdaq where most of these reside. Here is the monthly chart of the PHLX Semiconductor Index or $SOX vs. Nasdaq Composite over the past 20 years
Now a monthly chart just of the $SOX by itself. Bullish Head and Shoulder pattern remains in tact.
Impressive long-term action here!