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Beyond Dow Theory: Time for Chips & Financials to Lead Stocks Higher
In chips, we’d look for new 52-week highs in the Semiconductor HOLDRs (NYSE: SMH), followed by or led by gains in Intel Corporation (NASDAQ: INTC), Micron Technology Inc. (NASDAQ: MU), and SanDisk Corporation (NASDAQ: SNDK) for the second wave higher.
