$LITE and the broader photonics group led the semi selloff, and now they're leading the recovery, a decent tell for where $SMH goes next. SMH looks poised to confirm the breakout today with photonics backing it up. Still need memory names to wake up though, watching $SNDK's earnings for that leg to broaden out. Nothing forced yet, the thesis is building layer by layer.
Aggregated and distilled by Two Sentence Traders. Not financial advice.