3C Nailed the Semis Bounce, But Breadth Says This Is Still Just an Oversold Rally

3C signals were right on the money and in the right places: Semis, Mega Caps, and Tech broadly (Nasdaq over S&P; S&P over Equal Weight S&P, DJIA, and Small Caps). 3C highlighted some interesting early buying activity in Semis/Mega Caps/Tech on Tuesday, though the divergences were only just beginning at that point. As noted in…