Are the Semis Ready for a Rest?

08/17/2009 9:16 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The technology stocks have been one of the market leaders since the March lows, and the semiconductors have done well also. This group was one of the weakest on Friday, down 2.5%. The daily chart shows that the longer-term downtrend has not yet been tested. The RS chart is still positive, with first good support in the 250 area.

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