Thursday, June 21, 2007

How to Play Semis: IGW, PSI, SMH, USD, XSD


Semis are on a tear today. We've been watching closely and have updated our target list with the leveraged semi play available through ProShares ETFs; symbol = USD. Again, stocks tend to lead the economy by 6 to 12 months, so we don't want to get too cute analyzing why semis are moving powerfully ahead, the fact is that they just are. The fundamental reasons will be clear after the fact.

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