We've had some recent strength in the semiconductor stocks. Intel (INTC) has been on my radar for the last few days due to a breakout in relative dollar volume flows. Not only are we seeing more investor dollars being put to work in INTC; these inflows are occurring with consistency. Indeed, we've now had 13 consecutive sessions in which dollar flows were above average (i.e., above the 200 day average; horizontal red line on chart) for INTC.
Recall that dollar volume flow looks at whether transactions occurred on upticks or downticks and weight those transactions by their dollar volume. As a result, it's an excellent indicator of institutional interest in companies and sectors. I will be continuing to watch INTC and the semis to see if large traders and investors continue to put their chips to work in the sector.