The rally in the semiconductor sector is exhausting, sellers are back

The semiconductor sector is considered one of the leading indicators in the technology area and is indicative of the demand for electronics. In a broader perspective, the technology sector and semi-firms are considered as a market indicator as a whole. A strong rally in the technology sector has led to new records in many companies in the industry, but with the current state of relations between the US and China, semiconductors will have to resume the rally if markets are to chase new peaks.

Data from October 31 for seller positions shows that short positions in many semi-companies are increasing.

Intel's short positions are up 56.71 million shares. The previous level was 55.5 million shares.

The number of short positions in Advanced Micro Devices is also increasing, rising to 143.25 million shares from the previous 141.29 million.

At Qualcomm, shorts are down to 18.12 million from 19.60 million.

With Applied Materials, they are rising to levels of 18.56 million shares compared to the previous 17.62 million.

Micron Technology reported an increase in shorts to 34.75 million shares versus 33.47 million.

Broadcom is the last company to report a decrease, but to a minimum. Shares in short positions declined to 5.72 million from 5.79 million previously.

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