Commodity and global growth plays have been a bread and butter kind of trade for me over the past few months, but that trend appears to be weakening. So I'm looking to the relative strength in tech for new opportunities.
One place to look for breakouts are the semis. First the SMH:
The thing about SMH is that it's heaviliy weighted with INTC, TXN, and AMAT(I think). So a better, broad based gauge of the sector may be the SOX:
This shows us that there's plenty of energy left to run some more of the names higher. Here's a few setups I like:
TXN
MXIM
CY
ALTR
SOLR
