Semiconductor stocks were among the most overbought cohorts this week, with both the S & P 500 and Nasdaq Composite increasing by 0.55% and 1.50%. This was due to a rally in semiconductor names and optimism about peace talks between the U.S. and Iran. The semiconductor companies included Advanced Micro Devices, ON Semiconductor, NXP Semiconductors, Microchip Technology, Texas Instruments, and Analog Devices. The iShares Semicemiconductor ETF (SOXX) also made the list, marking its 18th positive session in a row. However, aerospace and defense names were oversold this week due to tensions in the Middle East and concerns over peak defense spending if Congress changes control in mid-term elections.