To gain an edge, this is what you need to know today.

Major Negative Pattern Developing

Please click here for an enlarged chart of VanEck Semiconductor ETF (NASDAQ:SMH).

Note the following:

A large number of stocks benefiting from artificial intelligence are semiconductor stocks. Examples are NVIDIA Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD), Micron Technology Inc (NASDAQ:MU), Arm Holdings PLC – ADR (NASDAQ:ARM), and Applied Materials, Inc. (NASDAQ:AMAT). The chart shows that a heads and shoulders pattern is developing in semiconductor ETF SMH. The chart shows the left shoulder, the head, and the developing right...