SMH Semiconductors Weekly

I missed a call for a pullback on June 6, so Semis have held up pretty well since. We have a cup & handle on the weekly, and the point & figure also shows a distinct cup & handle.

I see a big breakout in the near future, perhaps catalyzed by a fed rate pause. In the nearest term, we have an island top on the daily, with declining money flow index, so there could be a small pullback, but nothing to get alarmed about.

I would like to add some semis on a dip....