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 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?