It was hard to be bullish the Semi sector a couple months ago (unless you looked at the Equipment booking data). Today it is easy; real easy… too easy. Therefore, I took more profits, selling a partial position in the SOXX iShares to go along with the AMAT sale, among others. In addition to the top two items on this chart I still hold another Semi Equipment company that we spotlighted over the weekend and have my eye on several other items. But think about the herd and what drives it.
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