Weekly Feature | Nasdaq Dorsey Wright

Weekly Feature

Published: June 8, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

With no changes to any of the Invesco models this week, we look at the Invesco PHLX Semiconductor ETF (SOXQ).

There are no changes to any of the Invesco models this week. The Invesco PHLX Semiconductor ETF (SOXQ) was down more than 10% last Friday (6/5) as semis led a pullback in the broader technology sector. Despite the large single-day decline, technology remains at the top of the DALI sector rankings and semiconductors rank second out of all 41 constituents in the NDW Group Matrix.

SOXQ fell out of heavily overbought territory and now sits two boxes above previous resistance at $95, offering a potential entry point for those looking to add semiconductor exposure on this pullback. SOXQ’s five largest holdings are Micron Technology Inc (MU), NVIDIA Corp (NVDA)), Marvell Technology Inc (MRVL), Broadcom Inc (AVGO), and Advanced Micro Devices Inc (AMD), which make up about 42% of the fund and all five have a technical attribute rating of three or higher.

Friday’s move did result in SOXQ reversing into a column of Os on its market RS chart, but the fund still shows a strong 5.14 fund score, which is 0.97 points better than the average for all technology and communications funds. Beyond the prior resistance at $95, the next level of support on SOXQ’s default chart sits at $86. Year-to-date (through 6/5) SOXQ has gained 72.66% on a price return basis.

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