The S&P 500 and the Semiconductor Market

The Russell 2000 is a little bit of a concern that it continues to underperform but it is starting to heal we're back above the 50 and 200 day moving averages. Something that I've always done since I can't remember when is also to look at the financials the financials are a big part of the S&P 500 and they're behaving well. The semiconductors have been underperforming relative to the to the queues or the NASDAQ 100 so I think that if the semis can continue to just hold up and maybe digest some of those gains we've seen through time then they won't be a real drag on the market and a re or a concern.