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Chip stocks are crashing as the rest of the market barely flinches: AlphaCheck
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SOX is trying to hold the 11,000 level after falling over 25% from its June record high.
The S&P 500 equal-weight index (^SP500EW) rallied 1% to a record high Tuesday, even as the chip sell-off dragged down the major indexes.
The equal-weighted version of the S&P 500 — where every stock counts equally — just surged to a fresh record high Tuesday.
As long as the S&P 500 equal-weight index and the advance-decline line hold their breakouts, the chip crash remains a sector problem.
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