Well, we have had some nice data coming in that points to a would-be economic deceleration (save for this morning’s positive jobless claims report).  Yet the chip makers have popped pretty substantially.  Even (or especially) Intel, despite the ‘death of the PC’ data that has come in lately.  Regardless, we use the SOX (top panel) as a leading indicator and the AMAT-SOX ratio as a … Continue reading NFTRH Update 4.25.13, Chirp Chirp… Semiconductor Leadership & Economy View Updated

Huey did what it needed to do as a first – and big – step in negating yet another potential bear flag, as it closed above 280.  This morning (6:05 ET) the metals are firm again and assuming this remains the case it should prove not to have been another flag. I had thought since last Wednesday’s hard down close and capitulation that there could … Continue reading NFTRH Interim Update 4.25.13, HUI Rally Parameters