Tuesday, April 24, 2007

Semiconductors Make New Highs For The Year



The Semiconductor Index (SOX) made new year highs today and finally broke out of its trading range. What was the catalyst behind the move? TXN had earnings and was up over 7% today.

The semis and the NASDAQ have been lagging the market all year. Today's breakout in the semis is what the NASDAQ needs to get this market moving to the upside. Will it continue is another story. We'll see how things unfold in the days to come.

Posted by Kevin

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