Semiconductor stocks suffered their worst quarter in about a decade in the 3-month period from October to December.
However, since late December the ETF that tracks the sector’s biggest names, the SMH, has been on a tear.
It’s up over 8 percent in the last 2 weeks.
Since 2013, two weeks after similar moves, the bullish trend tends to continue.
The SMH gains more than 1 percent, trading positively 71 percent of the time.
Meanwhile, the S&P logs a completely flat average return, a trading positively only a bit better than half the time.
Originally published at CNBC