Semi Satisfaction:
Semiconductors have resided in the shadows of software this year, and could that change in 2025? Of course, but obviously, no one knows. The ratio chart here comparing the two shows semis actually recorded a better first half of 2024, and it may have simply retested the bull flag breakout and is now ready to outshine (notice potential bullish MACD crossover with the black signal line below zero). NVDA will play a major role in the semis comeback or demise, and Monday recorded a bullish counterattack candle and still has a double bottom base in focus. There is still plenty of work to do but it is grinding back ABOVE the breakdown from the head and shoulders and a break in early 2025 above a double bottom pivot of 146.64 would negate the doij candle from 12/5. Below is the MONTHLY chart of the SMH and Tuesday is likely to CLOSE with yet another very taut PRICE. It is setting up a bull flag, but bears may wonder if the consecutive spinning top candles speak to fatigue. Play each individual name on its own merit.