te_fern wrote:Playing off this pullback in the semi's. We'll see...
So far, (per Scottrade), SMH (104.00) is basically unchanged since the Open--although up 1% for the day. Broadcomm/Qualcomm is in the news, so the sector is "high profile" today.
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Most of the gains in the major indexes came from the energy and semiconductor sectors.
Some sectors were flat from the open, others downright weak. Classic post-impulse phase, rotational market, as new 52 week highs are ground out by profit-taking and re-planting.