Semi Not-So-Tough

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The two big earnings announcements this evening are from Intel and KLA, both of which, in early trading, are getting slammed.

Take it from someone who knows, though, it may not mean a damned thing. I’ve got puts on Service Now (NOW) which got blown to pieces last night, but…………..

One final thing I’ll mention is that, in spite of the all-green day, the small caps were weaker than the rest. Over the past four months, it seems to have found its exhaustion point as shown here: