The bulwark of high-tech gains from April 2020 through September 2021 was semiconductors SOX. This, I am pleased to say, has failed. The highest point in human history was just last month, but since then, the breakdown is quite clean. This is particularly encouraging (“Tim, you find everything encouraging”) with the shooting star reversal that almost perfected touched the underside of the now-broken uptrend.

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I own November puts on two semi companies, both of which are sporting right-triangle tops. They are Micron MU:

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And Lam Research LRCX:

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