I found myself feeling self-satisfied at the profit already taken in LSCC and the growing profits in SIMO and INTC (all added on the Semi sector wipe out as bulls puked them up left and right), to go along with the profit in MLNX, which I held through the blood bath last week.  I found myself satisfied and realized that might not be a good sign.

I looked at the chart of the Semiconductor index and saw that it has hit my bounce expectation (not that it can’t bounce higher) and thought ‘book it’.  So I sold the first 3 items mentioned and hold MLNX for another hour, week or month.  In NFTRH we are watching correction leaders for clues on the rebound rally.