**Check out this HGTV show “Scoring the Deal” premiering soon.
The Philadelphia Semiconductor Index weekly chart has yet to tip its hand in favor of bears for a major inflection point, despite arguments to the contrary. We know semis had persistent weakness at various points in 2012, but the weekly chart indicates a broadly-speaking lower highs yet higher lows.
400 and then 420 and breakout levels for bulls to conquer on the upside, while a downside breach of 350 likely compels swing traders to adopt a low-risk strategy for 2013.
___________________________
