SEMIS
I'll just add that last week it was hard to find more than a few nice charts in the sector and now its hard to find more than a handful of bad ones. In addition to the breakout candidates, I also like CREE and NVDA.
SOFTWARE
Software has broken multi-year resistance.
ADBE has the best looking chart in the software group.
CTXS looks well positioned to break resistance and head towards $38.00, followed by $40.00.
This is a weekly chart of ORCL which is breaking out of a multi-year base. Near-term target is $20.00.
This has nothing to do with semis or software, but I'm also planning to go long EXP on a high volume breakout:
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