Semiconductor's overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers.
Semis have entered an early cycle Triple Up alignment. The alignment is a reset rather than fresh alignment of the composite trend. We know this because the semis primary trend is four months old. It's can't be a fresh alignment if the primary trend has been aligned for months. Reset alignment are excellent adds to the core positions that were initiated when the primary trend turn up 4 months ago.
The semis trend is showing professional buying during the rally. This is good. If the rally continues, the disciplined trader needs to see the ProIndex confirm it with new highs. Subscribers track these trends in Line 43 of the Matrix.
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