KBH perfect 2trend day the spike is sharp enough to get stuck with! The entire sector will be shorted at moves up until the culmination with the HOV report. Our strategies take into account weak sectors, strong sectors and where the money is currently flowing into and out of sectors. That way we make money (even on the long side) when the market is down or sideways and know where to zero in on when the market is up. We have our share of semis (more now since we have options left from prior earnings plays) but still are not weighted in that sector but diversified. That way you don't have to contend with charts today like INTC, NSM or BRCM but rather get stopped nicely after a gap up in USB for day #2 and retenter at the spike LOW (we love those tails). There is a world to trade beyond the semiconductors (SPX was excellent) and every good trader has already seen that world and doesn't have to depend on the semis going up for his/her livelihood. (now going down is a whole other matter <vbg>)