Sell the News in Semis, Surging Oil & Rising Yields as Geopolitical Risk Flares Up

Monday’s AI/Semi/Tech rally didn’t look well supported by any means, whether 3C, intraday price action, or inside days on the daily charts. As posted in Monday’s Wrap: “As seen above on SMH’s 3C chart, conviction is notably lacking across semis… SOXX (1M) shows the same 3C trend… down. Bounces are not confirmed, but sold into.”…