They are my bull tell. I outed the semi’s a month back and have been using the SMH as my bull tell since.
I bought NVDA, SPIL and ASX let you in on what I was doing in those posts and Wallstrip .
I am bulllish on the semi’s on any SMH close above $38. No reason to do anything (except add a few names) and I am willing to give up my profits on the positions.
Dogs like Novellus are starting to gap up so we are either gaining momentum or showing froth. No idea which, so I am sticking with LEADERS. So should you.
ANY OTHERS STAND OUT?
Disclosure – Long NVDA , ASX , SPIL
Got long SMH last Monday. Liking it so far … since I know jack about semis, I stuck with the ETF.
doo dah doo dah…
The equipment makers are seeing inflows recently and many of them look strong….in addition to the ones you mentioned – BRKS, KLIC, AMAT, KLAC, ASML, VSEA