Jul. 12 at 3:30 PM
Semiconductors and Bitcoin lead momentum divergence. Our 3-month rate of change data shows
$SMH at +42.8%,
$IBIT at +41.0%, and
$IYW at +29.1%, all in the top quartile.
$IBIT showed the largest weekly acceleration at +10.6 points, while
$GDX declined -21.4 points. All ETFs remain in positive 3-month momentum territory.
Defensive exposures like
$USMV (+3.4%) and
$GDX (+5.5%) trail in the bottom quartile.