iShares PHLX Semiconductor ETF. (SOXX-Q)

Don't sell on recent strength.
Expecting further growth.
Would advise a stop loss - market could fall with upcoming recession fears.
If large position in portfolio - suggest selling a little bit. 

A few weeks ago, it got 3 standard deviations above its 50-day moving average, which triggered him to take profits. It's a short-term trade.

Both have had very good runs. He'd take a third off the table. If it goes up, you still have two thirds. If it goes down, pat yourself on the back for being so smart. Then you can figure out if the trend is there to go lower. For both he'd trim a bit, and either way you'll feel good about yourself. :)

Semiconductors run everything around us. When he participates in these ETFs, he always does it by thirds, both on the way in and on the way out.

Semis are overbought, a legacy of the pandemic, but inventories are starting to normalize and even a few shortages in places. We're overdue for a decline. A trader can play this, but this is not a long-term buy.

Be cautious on the semiconductors that are cheap, as they're losing market share to the growthier names. Nvidia is a great name. Or, instead, you could look at an ETF such as SOXX in the US.

Companies like Apple are now bringing semi-conductors back in-house and the sector is seeing many changes. It's hard to see who will be the winner. The sector has run tremendously so he would wait for a pullback before putting money in.