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Semiconductors Remain Looking Weak | The Steady Trader

Semiconductors as a group remain looking weak as displayed by the SOX index below and should slide lower.  Two things however; 1) the SOX index is no longer as representative of the semiconductor industry as it used to be due to foreign listed competitors adn 2) Intel is back below the $22 level and as such in our opinion becoming more attractive again on the long side. 

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