This ETF is well known. The semiconductors usually need to show leadership in order for this market to move higher. Seems they have fallen hard this week. Could make for a good buying opportunity in SMH. Came close to breaking out, but now has pulled back greatly on AMD earnings. Could be a buy at around 32.50-33 area. http://finance.yahoo.com/q/bc?s=SMH&t=5d&l=on&z=l&q=l&c=