August 3, 2021

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Breakout  

Please click here for a chart of semiconductor ETF (SMH).

Note the following:

• We have often shared with you that semiconductors are a leading sector and all investors should pay attention to them.
• Our Model Portfolios are over weighted in semiconductors.
• The chart shows that semiconductors have broken out.  Many gurus are getting excited about this breakout and issuing proclamations that the entire market will follow as has been the case several times in the past.
• The momo crowd is getting more excited from the bullish proclamations and aggressively buying.