I am having trouble posting charts or any type of visuals with the iBankCoin website apparently still under technical maintenance. In lieu of charts, I’ll draw your attention to the semiconductor ETF, SMH, flagging just above the key $34 level. So far, so go good there, with leading stocks like ASML and ARMH breaking out strongly the past few weeks.
My friend and Chief Technical Market Analyst at Miller Tabak Jonathon Krinsky was on Bloomberg TV last week discussing the sector and its potential, and I am in agreement with the potential for the semis to benefit from a rotation. Keep an eye on turnaround names such as CREE as well.