I Refuse to Weep
On Wednesday, Linear Technology (LLTC) surprised Wall Street with some upbeat guidance and the market seized upon it with a vengeance. The pin action was intense, and the result was a breakout in iShares PHLX SOX Semiconductor Sector Index Fund (SOXX).SOXX -- Weekly Source: Investools.com View Chart »
Not only did SOXX break higher, but volume expanded as well. I haven't seen that type of buying in any sector for months, and it was one of the key reasons for my disbelief in this market....495 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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