CLICK ON CHART TO ENLARGE

Since the lows in 2009, Semiconductors (SMH) have far out paced the S&P 500 to the upside.

Since the lows in 2009, SMH has spent the majority of the past 9-years inside of rising channel (A). This rally now has SMH back at the highs it reached back in 2000.

Just The Facts Ma’am– Tech leadership is attempting to break above the highs they reached back in 2000. If they breakout above 2000 highs, they would send a bullish message to the tech sector and the broad markets.