The semiconductors have been on a roll recently and they may be masking some underlying weakness in the broad Nasdaq as now just 42% of all Nasdaq names are above their 50-day SMA (notice it is now touching the oversold 30 RSI number but that it was not able to stem the tide going lower last August and September). The SMH has been very resilient and the WEEKLY chart below demonstrates this. Since the end of Q3 last year it has not recorded a 3-week losing streak and general NVDA has well exceeded its measured move to 600 and is now swimming near the very round 700 figure recording a bullish hammer Monday. MPWR has constructed its flag that started at the very round 400 number and was above the 640 pivot Monday, so see if this could decisively CLOSE above that level. INTC to me looks like a good risk/reward scenario after a bullish hammer candle last Friday and showed some firmness Monday. It can be bought here with a CLOSING stop below 41.50 and add to with a buy stop above a double bottom pivot of 50.40.