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In the midst of this endless rally, we’re seeing tech stocks start to fray at the edges, and I find the semiconductor group especially interesting. Notice how we’ve pushed extremely close to that price gap (horizontal line 1883.92) between the 21st and 24th of February in the semiconductor index.

slopechart SOX

I’m already short three specific stocks in semi-land, as follows:

slopechart AMD
slopechart CRUS
slopechart MU