As the SMH broke above a bull flag formation above 155 on Monday, some names within have not gotten the rally memo. Some have thrived like a NVDA up nearly 70% YTD, and currently dealing with the round 400 number (CRM and SPLK dealing with 200, SHOP 1000 and NFLX 500, and I feel this month AAPL will be magnetically pulled to 400). Below is the chart of AMD, which has received some love near 50 on a CLOSING basis on 5/27 and 6/29, but the name still trades 11% off most recent 52 week highs, while NVDA is sitting right near all time highs. For AMD, against the SMH, there was some glaring relative weakness, most noticeably the weeks ending 6/26 and 6/5. The week ending 6/26 the SMH fell 2.1% and AMD dropped 7.6%, and the week ending 6/5 the SMH rose 8.3% and the SMH dropped 1.3%. It is still reeling from the bearish evening star that was completed on 6/11, as it attempted to break above a bullish ascending triangle for a third time. The charts heaviness may be starting to wear on the bulls.