Here are excellent trades in 3 individual semis

up an early
Trap Door trade with the SPY entry above 123.57 which traded up to

124 before reversing into a contracted volatility pattern. Contra to the major

indices, the
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SMH |
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of a contracted volatility 22-day range above 37 – 37.10 (see daily chart). The

SMH entry above 37 – 37.10 traded up to 37.66, and most traders (Inner Circle)

exited 50% of the trade below 37.39 and the balance below 37.51. (Nice trade,

everyone.) There were excellent trades in individual semis like the
(
KLAC |
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Slim Jim/Opening Reversal above 49.50, trading up to 50.30 before reversing.

(
TXN |
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29-day contracted volatility horizontal range on Monday. Intraday entry was

above 33.56, which traded up to 34.02 in the first 90 minutes, which is a new

high since the January 2004 33.94 weekly high. The trade was exited below 33.91

as the 34.94 high was reversed back to 33.59 in three quick five-minute bars.

(
MRVL |
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PowerRating), which is another focus stock, gave daytraders an Opening Reversal

above 46.50 and then taking out the previous day’s 46.56 high before trading up

and .618 retracement of 123.87 was used as the exit from the initial Trap Door

long, but no short was taken as an RST short setup was anticipated above the

124.13 Wednesday high. It obviously did not make it, closing at 123.50, -0.3%.

The semis were loners yesterday as they were the only primary sector green all

day into the close. Leading the red sectors was the CYC, -0.9%, RTH, -0.8%, and

BKX, -0.7%. The
(
TLT |
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billion shares and volume ratio 35 with breadth at -769. The SPX finished at

1231.67, -0.4%, as did the Dow to 10,596. The
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QQQQ |
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the Nasdaq
(
COMPQ |
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market action, there were some excellent semiconductor long daytrading

opportunities which made the day. They had the best relative strength right from