Semiconductors could outperform 1999 levels, Howard Lindzon suggests

Semiconductors could outperform 1999 levels, Howard Lindzon suggests
Semiconductor sector far from average

Howard Lindzon draws attention to current movements in semiconductor stocks, highlighting their trade level being far from the 200 day moving average.

He notes there is uncertainty in the sector but suggests the performance could surpass that seen in 1999. Lindzon advises market participants to manage their positions accordingly.

Lindzon recently noted that the SMH semiconductor ETF is up 170 percent over the past year, with no tax losses harvested and the potential for profit taking, according to a previous update. In a separate post, he highlighted the Nasdaq 100's strongest monthly gain since the April Covid bottom, drawing a parallel to risks affecting global markets like the Strait of Hormuz at the time. These past observations provide context for his current comments on sector uncertainty and positioning.

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