Return of the Semis
Why spend a lot of time searching for new ideas when the old ones just keep coming back around? I am speaking specifically of the semiconductor sector. If you remember, after Linear Technology (LLTC) set the sector on fire back in the middle of January, the group just ground higher and higher, placing a floor under the whole market. The breakout on this group forced me to dance the central-banker dance.
Well, back then, the best you could do were some fast flips while we waiting on a more enduring retrace. Well, the retrace is here now, so don't forget to take another look at these stocks. The first retrace back to the beginning of a spike higher is usually a good trade. Starting with Linear Technology, here's how its chart is shaping up....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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